Low EV/EBITDA combined with high demand for light metals (lightweight electric cars, bicycles, scooters etc.), raging inflation, and an all-time low gives this stock a good chance.
I've been in since $14 and didn't expect it to move so quickly. It's a good opportunity to put some money. Don't go all in, at the end it's a lightly sketchy Chinese stock.
But if you are into the metals industry, allocating 2-5% of your portfolio seems like a safe move for this one.
I've been in since $14 and didn't expect it to move so quickly. It's a good opportunity to put some money. Don't go all in, at the end it's a lightly sketchy Chinese stock.
But if you are into the metals industry, allocating 2-5% of your portfolio seems like a safe move for this one.