China Shipbuilding traded at 4.98 this Monday September 2nd, decreasing 0.34 or 6.39 percent since the previous trading session. Looking back, over the last four weeks, China Shipbuilding lost 9.62 percent. Over the last 12 months, its price rose by 16.36 percent. Looking ahead, we forecast China Shipbuilding to be priced at 4.87 by the end of this quarter and at 4.56 in one year, according to Trading Economics global macro models projections and analysts expectations.
China Shipbuilding Industry Company Limited is a China-based company, principally engaged in the research and development, design and manufacture of ships. The Company is engaged in the manufacturing, repairing and refitting of ships. The Company also operates its businesses through ship equipment business, which offers low-speed diesel engines, high-power medium-speed diesel engines, propellers and deck machinery; ocean engineering, which provides drilling platform, energy and transportation equipment business, which provides railway trucks and wind power gearboxes, as well as scientific and technological industry business. The Company distributes its products within domestic market and to overseas markets.