The upward revision in Maanshan Iron & Steel’s consensus price target reflects improved revenue growth forecasts and an increase in the future P/E multiple, resulting in the price target rising from HK$2.04 to HK$2.12.
What's in the News
- Board approved the resignation of Mr. Mao Zhanhong from his roles as director, vice chairman, and strategic and sustainable development committee member.
- Board considered and approved the resignation of Mr. Zhang Wenyang as director, and appointed Mr. Chen Guorong as deputy general manager and financial officer.
- Board reviewed and approved unaudited interim results for the first half of 2025.
- Shareholders approved a Supplemental Agreement to the Sale and Purchase of Products Agreement for 2025–2027 with China Baowu Steel Group.
- Amendments to the Articles of Association and the repurchase and cancellation of certain restricted shares were approved.
Valuation Changes
Summary of Valuation Changes for Maanshan Iron & Steel
- The Consensus Analyst Price Target has risen slightly from HK$2.04 to HK$2.12.
- The Consensus Revenue Growth forecasts for Maanshan Iron & Steel has significantly risen from -1.5% per annum to 1.0% per annum.
- The Future P/E for Maanshan Iron & Steel has risen from 5.30x to 5.67x.
Disclaimer
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