GSI (General Steel), the best steel stock for China
GSI currently is trading at $4, it was trading at $7.35 on May 5th after they beat the analyst earning estimate. It had dropped nearly 50% without any news, the valuation is extremely attractive.
Sales $1.38 Bil
Sales Growth* +74.90%
Income Growth*+235.40%
Operating revenue:
2006 $139.49 million
2007 $772.44 million
2008 $1351.20 million
Operating profit:
2006 $6.09 million
2007 $67.22 million
2008 $30.34 million (hurt by b… More
| Price | 1.05 |
| Price Change Today | -$0.01 (-0.94%) |
| P&P rating | ![]() |
| Zacks Rank | N/A - N/A |
| Open Price | $1.05 |
| Previous Close | $1.06 |
| Daily Range | $1.05 - $1.09 |
| 52-Week Range | $0.96 - $2.72 |
| Volume | 134,043 |
| General Steel Holdings, Inc., headquartered in Beijing, operates a diverse portfolio of Chinese steel companies. With three million tons aggregate production capacity, its companies serve various industries and produce a variety of steel products including reinforced bar (rebar), hot-rolled carbon and silicon sheet and spiral-weld pipe. The Company has steel operations in Shaanxi province (central China), Inner Mongolia province (northwest China) and Tianjin municipality (northeast China). | |





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GSI currently is trading at $4, it was trading at $7.35 on May 5th after they beat the analyst earning estimate. It had dropped nearly 50% without any news, the valuation is extremely attractive.
Sales $1.38 Bil
Sales Growth* +74.90%
Income Growth*+235.40%
Operating revenue:
2006 $139.49 million
2007 $772.44 million
2008 $1351.20 million
Operating profit:
2006 $6.09 million
2007 $67.22 million
2008 $30.34 million (hurt by beaten down low steel price, the steel price since then have rebounded, GSI had excellent 1st quarter earnings, 2nd quarter will be even better)
Source: http://www.marketwatch.com/investing/stock/gsi/financials
GSI is currently ranked number 8 on the potential upside list:
http://www.cnanalyst.com/upside/
GSI is a much bigger steel company than other Chinese steel companies such as CPSL or SUTR
Look at its growth year over year:
http://www.marketwatch.com/investing/stock/gsi/financials
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