Isfahan Mobarakeh Steel Company was officially established in 1969 as a company with a special joint stock company, and in 1372, with a change to a public joint stock company, and after 13 years from the date of its public joint stock company, this company officially entered the stock exchange with the steel symbol. From this date, small and large shareholders were attracted to this symbol and a part of the capital market was allocated to the transactions of this popular symbol.
The start of the steel symbol started with an initial capital of approximately 11 million rials, and the company has increased the value of the company’s shares to 130,000 billion rials during several stages of capital increase. In this analysis, join Artan Press to assess the status of the steel symbol in the last quarter.
*** Take a look at the monthly report of the steel symbol in Kadal
One of the most important factors affecting the stability of the fundamental analysis of any symbol is to examine the sales situation of the company’s stock and its financial performance in the period in question. Assessing the sales status of the steel symbol in the month ending September 1999 shows that the main performance of this company is focused on the sale of hot products and the Rial figure of these transactions was equal to 65,246,263,496 Rials, which compared to the one-month period of August 1999 The percentage has decreased.
This caused some shareholders of the company, who decided to buy the shares of the company with the view of long-term value and NAV valuation of this share, to hesitate in their decision and postpone the investment in the steel symbol to another time period.
The issue of declining sales was not limited to hot products, and the company’s financial performance in selling cold steel and coated steel products was similar, with a 16 percent decline. However, the empowerment indicators of this collection still keep this share attractive for people who have a fundamental view of corporate stocks.
Iran is the tenth largest steelmaker in the world, with nearly one-third of the steel produced in Iran passing through the Mobarakeh Steel Company’s production line channel. Determine the coming days of the stock market.
*** Rising exchange rates are an opportunity for steelmakers
Another factor influencing investment in steel companies is the cost of steel sections in terms of dollar prices. Although the export of this product is considered zero in the announcements of Kadal Steel symbol, but it is very clear that this symbol has benefited from the increase of the dollar exchange rate and in the long run can have a positive effect on the financial reports of this symbol and P / E Keep the symbol at the normal level and shareholder expectation.
*** Technical analysis of steel symbol
The steel symbol has fluctuated a lot in the last three months. Between July and August of 1999, the trend of stock movement was often upward, so that the number of positive days of this share in the market during the last quarter was 31 days and the number of negative days of this share in the same period was 21 days.
Of course, in the current situation where we are witnessing a sharp decline in the stock market and lack of transparency in the performance and outlook of the capital market, index makers are most affected by the psychological state of the market, and Mobarakeh Steel is no exception.
In a situation where public interest in the capital market is attracted, the index-making symbols are the biggest players in the growth of the overall index. For example, in early August, when the amount of cash inflows to the stock market reached its highest level in the history of the Iranian stock exchange steel, family, car, khasapa, Kegel were the most important symbols and always faced millions of buying queues.
But with the onset of the negative days of the market, we saw that millions of sales queues were created and the sellers faced a serious challenge, so that the sale of shares of these companies in the reddest days of the market took up to 10 days. This is a plague of index stocks that in the positive days of buying them in the millions of buying queues and selling them in the millions selling queues is challenging and sometimes impossible.
*** Review of the most important shareholders of the steel symbol
Another important factor in the technical review of a share is the review of its major shareholders symbol. A survey of major shareholders of the steel symbol in the past three months shows that Imidro is the largest shareholder of Foolad Mobarakeh Company with 36 million shares of this symbol and then the Welfare Capital Development Company with more than 22 million shares is the second largest shareholder of the steel symbol .
The third largest shareholder of Mobarakeh Steel in Isfahan is Tejarat Bank, which owns 5 million steel shares. An assessment of Imidro Holding’s position on the stock exchange shows that reasonable profitability lies in the futures trading of the steel stock exchange because all of Imidro’s holdings were reasonably profitable in the first six months of the year and those who failed to estimate the holding’s expected financial returns Imidro portfolio has been removed.
Therefore, it is predicted that the steel symbol will be able to return to its rising days in the second half of the year, but the behavior of major shareholders and the review of the entry and exit filter of the main actors will be implemented.
*** Check P / E and EPS steel symbol
The two factors P / E and EPS are the most important factors that are first considered in the technical analysis of a stock exchange. Since the review of a company’s financial statements and profit and loss account is influential in the value of stocks and consequently the desire to own that symbol, we will evaluate this factor for the steel symbol.
The amount of 715 Rials net profit during the twelve months of last year in the market today, October 30, is a good figure, but the amount of P / E is the symbol of Mobarakeh Steel of Isfahan 24, which is normal and attractive in the Iranian stock exchange between 11 to 14. That’s what it means During the last quarter, a portion of the dividends offered to customers were lost due to market risks and improvements in the index, and we can not expect the growth of steel stock prices in the short term.
On the other hand, the symbol of steel is witnessing the days when the legal has recorded the highest amount of sales. For example, the number of transactions on October 29, 1999 in the symbol of steel is over 61,000, and their results show about 91% of legal sales. . Legal behavior regarding the share of steel is not a fundamental behavior and is only a saving profit due to fluctuations and the decline of the stock index, and it will be expected that in the most negative days of this share we will see heavy legal purchases in this symbol.
*** Review the latest stock market outlook
The stock index has crossed the 2 million mark in recent weeks, while there has been talk of 3 million and above indexes for many reasons, such as a defect in the trading core, as well as unexpected rise in the price of currency, gold and the attractiveness of parallel markets for Examples of commodity markets such as steel and electronics, the market began to decline. This drop in the index was initially considered as a cross-sectional correction, but in the last three weeks, it has reduced the stock market index by about 800,000 and fluctuated in the 1600 to 1700 channel.
The market has seen a resurgence since yesterday, when we recommend that people decide based on their market strategy whether they have a long-term or medium-term view of the market or the amount of capital they have in their trading portfolio. There is no single action for people. Some people decide to save profit and some offer their shares in the market step by step by activating the loss limit mechanism.
In recent weeks, it has been observed that the resistance of 1640 is broken. Some analysts believed that the index will be supported by 1540, but our forecast is that the index will calm down around 1400. If this index is broken, eventually the index will be at the bottom of 1360 to 1370, so in the short term we will expect a decrease in the price of steel symbol, but in the medium term with the solution of the problem of trading core and liquidity parked in the account of steel symbol shareholders The most popular symbols will be the stock market
این مطلب بدون برچسب می باشد.
ثبت دیدگاه