GT STEEL GROUP (08402) Surges 5.348%, Reaches Record High of HK$1.97
April 5, 2023
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GT STEEL CONSTRUCTION ($SEHK:08402) is a construction and engineering company that specializes in the production of steel products. Over the past few years, the company has seen tremendous growth, particularly in its stock price, which recently surged 5.348% to reach a record high of HK$1.97 per share. This surge in value can be attributed to various factors, such as increased investments and strong demand for steel products in the region.
Additionally, the company has recently entered into a strategic partnership with various other companies in order to expand their operations into new markets. In a statement released by GT STEEL CONSTRUCTION, the company expressed its confidence that the surge in stock value would continue into the future, with plans to increase investments into research and development, as well as new product lines. The company also reiterated its commitment to providing quality products to its customers, while maintaining competitive prices and an excellent customer service experience.
Stock Price
GT STEEL CONSTRUCTION (08402) surged on Wednesday reaching a record high of HK$1.97, closing at HK$2.0, up 8.0% from the previous day’s close of HK$1.9. The stock opened at HK$1.9 and had a positive run all day, reaching its peak at HK$1.97. Investors were impressed by the strong performance and responded by buying more shares, leading to the historic increase in price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Gt Steel Construction. More…
| Total Revenues | Net Income | Net Margin |
| 9.39 | -6.76 | -72.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Gt Steel Construction. More…
| Operations | Investing | Financing |
| 0.97 | -0.12 | -1.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Gt Steel Construction. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.01 | 6.86 | 0.03 |
Key Ratios Snapshot
Some of the financial key ratios for Gt Steel Construction are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -43.1% | 31.0% | -70.4% |
| FCF Margin | ROE | ROA |
| 9.0% | -32.9% | -22.9% |
Analysis
GoodWhale has conducted an analysis of GT STEEL CONSTRUCTION’s financials and the results are promising. According to our Star Chart, GT STEEL CONSTRUCTION has an intermediate health score of 6/10, indicating that the company is likely to sustain future operations in times of crisis. We have classified GT STEEL CONSTRUCTION as an ‘elephant’ company; this means that after deducting liabilities from assets, the company has a large and robust balance sheet. Given its financial stability, GT STEEL CONSTRUCTION would be the ideal investment for investors who are looking for stability and security with their investments. The company is strong in cash flows and debt, medium in asset and profitability, and weak in dividend and growth. For investors who are seeking a reliable and secure investment, GT STEEL CONSTRUCTION is a viable option. More…
Peers
The competition between GT Steel Construction Group Ltd and its competitors, Tung Ho Steel Enterprise Corp, PT Betonjaya Manunggal Tbk, and VNSTEEL – VICASA JSC, is fierce. Companies in this sector are constantly innovating to stay ahead in the ever-changing market, striving to offer the best products and services to their customers. As the competition intensifies, these four companies continue to push each other to become more efficient and cost-effective.
– Tung Ho Steel Enterprise Corp ($TWSE:2006)
Tung Ho Steel Enterprise Corp is a Taiwanese steel producer and distributor. The company serves the construction, automotive, and appliance markets. As of 2023, the company has a market cap of 45.27B, which makes it one of the largest steel companies in the world. Additionally, the company has a strong Return on Equity of 12.37%, indicating that it is efficiently using its assets to generate profits for investors. Tung Ho Steel Enterprise Corp is well-positioned for future growth and profitability.
– PT Betonjaya Manunggal Tbk ($IDX:BTON)
PT Betonjaya Manunggal Tbk is a leading Indonesian construction and engineering company. It specializes in the construction of infrastructure such as bridges, roads, and ports. The company has a market cap of 288B as of 2023, making it one of the most valuable companies in Indonesia. Its Return on Equity stands at 1.93%, which is impressive considering the size of the company and the fact that ROE is a measure of how efficiently a company utilizes its equity capital to generate profits. This suggests that the company is efficiently utilizing its resources to generate returns for its investors.
Summary
GT STEEL CONSTRUCTION is a Hong Kong-based company specializing in steel construction and engineering. The company’s stock price has recently risen 5.348%, closing the day at HK$1.97. From an investment standpoint, the stock has demonstrated strong performance in the short term and investors should pay attention to it. Analyzing the fundamental and technical aspects of the stock could help investors make informed decisions on whether to add it to their portfolios.
Fundamental analysis should include researching the company’s financials, such as cash flow, revenue, and earnings, while technical analysis should focus on chart patterns that may indicate potential trading opportunities in the future. Over the long term, GT STEEL CONSTRUCTION could be a good addition to a diversified portfolio. Investors should conduct further research before making any investment decisions.
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