SEHK:338Chemicals
Sinopec Shanghai Petrochemical (SEHK:338) Forecasts 117.7% Earnings Growth, Challenging Value Narrative
Sinopec Shanghai Petrochemical (SEHK:338) remains unprofitable, with annual losses worsening at a rate of 35.6% over the last five years. Looking ahead, forecasts call for a striking 117.7% annual increase in earnings and a return to profitability within three years. This would position the company well above the market average for growth. Investors will note the appeal of sharp anticipated earnings improvement alongside a muted revenue growth outlook of just 0.1% per year.
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