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Honghua Group Limited is currently in a long term uptrend where the price is trading 3.9% above its 200 day moving average.
From a valuation standpoint, the stock is 86.2% cheaper than other stocks from the Energy sector with a price to sales ratio of 0.3.
Honghua Group Limited's total revenue sank by 24.0% to $2B since the same quarter in the previous year.
Its net income has dropped by 33.2% to $31M since the same quarter in the previous year.
Finally, its free cash flow fell by 471.8% to $-291M since the same quarter in the previous year.
Based on the above factors, Honghua Group Limited gets an overall score of 2/5.
| Industry | Oil & Gas Equipment & Services |
|---|---|
| CurrencyCode | HKD |
| ISIN | KYG4584R1092 |
| Exchange | HK |
| Sector | Energy |
| PE Ratio | 0.0 |
|---|---|
| Target Price | 0.95 |
| Market Cap | 1B |
| Beta | 0.16 |
| Dividend Yield | None |
Honghua Group Limited, an investment holding company, engages in the research, design, manufacture, setting, and sale of land rigs, and related parts and components. It operates through four segments: Land Drilling Rigs; Parts and Components and Others; Drilling Engineering Services; and Fracturing Services. The company manufactures mast products and substructures, hoisting system parts, rotating system parts, high and low pressure mud system parts, and auxiliary system parts for rigs; manufactures and assembles rig electrical equipment, including VFD systems, SCR systems, MCC systems, drilling motors, well site circuitry and lighting systems, etc.; and manufactures mud tanks, solids control equipment, drill floor tools, mud manifolds and personnel camps, etc. It also offers various oil and gas engineering services, including well and integrated EPC drilling, directional drilling, and seismic services for CNOOC, SHELL, MOGE, PTTEP, NOBEL, etc. In addition, the company provides direct financing lease, operating leasing, sale and leaseback, sublease, and trust and joint lease financing services. Further, it manufactures panels of drilling rigs, and petroleum and wind power equipment; trades in drilling rigs and related parts; designs and manufactures offshore drilling modules; and provides testing, marketing, technical support and training, and drilling engineering services, as well as after-sales service, such as rig installation, commissioning, and solution. It operates in the People's Republic of China, the Americas, the Middle East, Europe, South Asia and South East Asia, and Africa. Honghua Group Limited was founded in 1997 and is headquartered in Chengdu, the People's Republic of China.
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