abucardinal3| Minsheng Securities Co., Ltd. upgrades Fushun Special Steel rating

On May 1, 2024, Minsheng Securities Co., Ltd. released a research report, raising the rating of Fushun Special Steel (600399), and the rating was adjusted from "cautious recommendation" to "recommended".

The summary of the research report statedabucardinal3：

Earnings forecast and investment recommendations: Sales of the company's high-end products will increase, and the industrial layout will be optimized and upgraded. We expect the company's net profit to be 5.5% from 2024 to 2026.abucardinal3.55/7.34/925 million yuan, corresponding to the closing price on April 30, with PEs of 22x, 16x and 13x, maintaining the "recommended" rating.

(Data source: Straight Flush (300033)(300033) iFinD)