accroding to 2018 consolidated balance sheet, cash and cash item with marketable secuities around 13B(rmb), subtracting the long-term debt from the cash, i arrive at the value 13b. it&39;s 00338&39;s cash (there is no long-term debt in this company). when cash exceeds debt it&39;s always favorable.
dividing the 13 billion in cash and cash assets by the 10 billion shares outstanding, i conclude that there&39;s 1.5(hkd) along with H share of 00338.
遥远的呼唤
上海石化(00338)的投资价值20191220a
【上海石化(600688)、股吧】(00338)的投资价值
20191220
accroding to 2018 consolidated balance sheet, cash and cash item with marketable secuities around 13B(rmb), subtracting the long-term debt from the cash, i arrive at the value 13b. it&39;s 00338&39;s cash (there is no long-term debt in this company). when cash exceeds debt it&39;s always favorable.
dividing the 13 billion in cash and cash assets by the 10 billion shares outstanding, i conclude that there&39;s 1.5(hkd) along with H share of 00338.
以上,2.26减去上海石化的现金价值1.5,大约是0.8港元。从财务的角度,目前具有足够的安全性。
近几年的获利在每股0.2到0.6波动。分红大约在0.3到0.1波动。从获利的角度,目前的市场价格也具有安全边际。
从营业风险来,作为上海的炼化厂,具有一定的地域优势,依靠中石化,长期来,还是利大于弊。
全球的石油炼化行业股票价格目前处于价格低谷,有些好的公司也是近10年的低,是贱取如珠玉的好时机。
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