Market Movers

Shanghai Electric Group’s Stock Price Soars by 30.22%, Reaching 2.37 HKD in Unprecedented Surge

By October 21, 2024 No Comments

Shanghai Electric Group (2727)

2.37 HKD +0.55 (+30.22%) Volume: 424.55M

Shanghai Electric Group’s stock price soars to 2.37 HKD, marking an impressive trading session surge of +30.22% and a year-to-date increase of +45.40%, on a robust trading volume of 424.55M, highlighting the strong momentum and investor confidence in the company’s growth prospects.


Latest developments on Shanghai Electric Group

Shanghai Electric Group Company has been making strategic moves in the market recently, with plans for a share buy-back and a strategic acquisition. These announcements have sparked investor interest and anticipation, leading to fluctuations in the company’s stock price today. With a focus on expanding its market presence and strengthening its position in the industry, Shanghai Electric is positioning itself for future growth and success.


A look at Shanghai Electric Group Smart Scores

FactorScoreMagnitude
Value5
Dividend1
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Shanghai Electric Group Company Limited has received a high score for its value and growth potential according to Smartkarma Smart Scores. The company is well-positioned in the power equipment, electromechanical equipment, transportation equipment, and environmental system industries, indicating a positive long-term outlook for investors.

However, Shanghai Electric Group Company‘s dividend score is on the lower end, suggesting that it may not be the best option for investors seeking regular income. With moderate scores for resilience and momentum, the company shows stability and potential for future growth. Overall, Shanghai Electric Group Company Limited presents a strong value proposition with promising growth opportunities in various industries.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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