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The latest update is out from China Oriental Group Co ( (HK:0581) ).
China Oriental Group Company Limited has announced a positive profit alert, expecting a net profit of not less than RMB220 million for the first half of 2025, marking an increase of at least 70% compared to the same period in 2024. This significant profit growth is attributed to a decline in raw material prices and the company’s effective lean management strategy, which has optimized procurement and reduced costs per tonne of steel.
The most recent analyst rating on (HK:0581) stock is a Hold with a HK$2.00 price target. To see the full list of analyst forecasts on China Oriental Group Co stock, see the HK:0581 Stock Forecast page.
More about China Oriental Group Co
China Oriental Group Company Limited is a company incorporated in Bermuda with limited liability, primarily engaged in the steel industry. The company focuses on the production and sale of steel products, leveraging strategies such as cost reduction and efficiency improvement to maintain its market position.
Average Trading Volume: 26,260,269
Technical Sentiment Signal: Buy
Current Market Cap: HK$6.48B
For a thorough assessment of 0581 stock, go to TipRanks’ Stock Analysis page.