July 16 China MCC disclosed a briefing on operations from January to June 2022, showing that the value of newly signed contracts from January to June was RMB 647 billion, an increase of 5.2% over the same period last year.
's performance has continued to grow steadily, but for investors, especially those who operate in the short and medium term, its stock price performance seems not to be what they want. By stretching the daily K-line chart of China MCC, we will find that after it hit a high of 6.30 yuan in September last year, it started a wave of "A-word sales", and then within the platform range near 4 yuan Sideways movement. After
experienced bottom-breaking declines in March and April this year, its stock price reached a platform range near 3.50 yuan. As China Metallurgical Corporation fell 3.98% to 3.38 yuan in the latest trading day, investors can't help but start to worry: Will it fall again? Compared with the price corresponding to the high point last year,
's stock price has fallen by 46.34% since the market trend, which is close to halving. The stock price center of gravity of stock has shifted downward, and the investment experience of holders will most likely not be good. On the Internet, some investors said: "If you buy this stock, don't watch the market, otherwise you will be annoyed. If you don't want to cut it, just leave it alone." "It has been rising for several weeks and fell back today. Is this stock only falling but not rising?" "
Judging from the total number of shareholders of MCC, its number of shareholders has been hovering around 400,000, which means that most shareholders may still be waiting for the day it rises.
MCC is mainly engaged in project contracting, real estate development, equipment manufacturing and resource development. The main products are engineering contracting, real estate development, equipment manufacturing, and resource development.
In terms of fundamentals, MCC’s revenue in the last three reporting periods was 349.488 billion yuan, 500.572 billion yuan, and 118.027 billion yuan respectively, with year-on-year increases of 30.42%, 25.11%, and 25.00%; net profits attributable to the parent company were 6.128 billion respectively. yuan, 8.375 billion yuan, and 2.681 billion yuan, a year-on-year increase of 33.01%, 6.52%, and 25.46%. Performance continues to grow.
This is "confidence"!
According to the market efficient theory theory, the theoretical stock price of MCC at the end of the first quarter of 2022 should be the 2018 stock price of 2.89 yuan * (1 + 3.58%) * (1 + 19.13%) * (1 + 6.52%) *(1+25.46%)=4.76 yuan. The real stock price of MCC at the end of the first quarter was 3.75 yuan, with a deviation of -21.21%.
However, the stock price trend of individual stocks is greatly affected by market sentiment in the short term. In terms of sentiment, the market has experienced a correction, and it is difficult for most individual stocks to move independently.
However, at the stock trading level of China Metallurgical Corporation, it may be undergoing changes that will "surprise" investors. Northbound funds have generally been increasing their positions since July. The number of shares held by northbound funds in MCC has increased from 385.7 million shares at the beginning of the month to 428.2 million shares.
In terms of valuation, MCC's current rolling P/E ratio is 7.85 times, and its percentile over the past five years is 6.4%, which means it is "cheaper" than 93.6% of the time.
However, individual stocks in the market are often undervalued and will not necessarily rise, and overvalued stocks will not necessarily fall. But in the long term, the stock price trend of individual stocks must be determined by performance and valuation rules.
"Value determines the price, and the price fluctuates around the value." Sometimes the price deviates too far from the value, but as time goes by, it will definitely move closer to the value.
The law of valuation has always been a process of switching from underestimation to overestimation, just like the sun always rises in the east and sets in the west, remaining unchanged forever. The current underestimation of
is only for the moment. There is no stock that can only rise but not fall, and of course there is no stock that can only fall but not rise!
"Those who are already in decay now may shine again in the future; those who are favored now may become increasingly decayed in the future."
Investment Tips: The opinions in this article are for communication only and do not constitute your investment advice. Please leave a message in the comment area below discuss!
