Cheng Shin Rubber Ind Co., Ltd. (2105) Earnings: 1H Net Income Hits NT$2.36 Billion with EPS of NT$0.73

Cheng Shin Rubber Ind Co., Ltd. on Smartkarma

Independent analyst coverage on Cheng Shin Rubber Ind Co., Ltd. by Janaghan Jeyakumar, CFA on Smartkarma indicates a bearish sentiment towards the company. In the research report titled “Quiddity TDIV/50/100 Mar25 Results: US$500Mn+ One-Way Flows Collectively; Only One Surprise,” it is highlighted that Cheng Shin Rubber is expected to underperform the index, with 7.4 times the average daily volume (ADV) to sell. The report also mentions upcoming changes in the T50/100 index family and TDIV index, with a focus on final flow expectations for the March 2025 index rebalance event.

Furthermore, in another report titled “Quiddity Leaderboard TDIV Mar25: US$448mn One-Way Flows; High-Impact for Cheng Shin Rubber,” Janaghan Jeyakumar, CFA reiterates a bearish stance on Cheng Shin Rubber. The analysis suggests a potential 7.2 times ADV to sell for the company during the TDIV March 2025 index rebalance event, projecting underperformance compared to the index in the following weeks. It is noted that the TDIV index, tracking the top 50 high-dividend-yielding companies in the Taiwan Stock Exchange, is expected to experience capping flows without any changes for the March 2025 rebalance. Expectations for one-way capping flows are estimated at US$448 million.

A look at Cheng Shin Rubber Ind Co., Ltd. Smart Scores

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

Cheng Shin Rubber Ind Co., Ltd. is showing a solid overall outlook based on its Smartkarma Smart Scores. The company scores high in dividend with a score of 5, indicating strong returns for shareholders. In addition, its value score of 4 reflects a good balance between the company’s stock price and its intrinsic value. With a growth score of 4, Cheng Shin is expected to expand and improve its market position over time. However, the company’s momentum score of 2 suggests a slower pace of growth in the near term. Despite this, Cheng Shin’s resilience score of 3 demonstrates its ability to withstand economic challenges.

Cheng Shin Rubber Ind Co., Ltd. manufactures a variety of tires, including bicycle, radial, bias, motorcycle, agricultural, and industrial tires. The company sells its products in Taiwan and also exports to markets in North America and Europe. With high scores in dividend, value, and growth, Cheng Shin appears to be a stable investment opportunity for those seeking long-term returns despite its lower momentum score indicating a slower growth pace in the short run.

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