Risk factor
Very poor trading liquidity
Profitability factor
Excellent dividends
About
Tong Ming Enterprise Co., Ltd., along with its affiliated entities, specializes in the production and distribution of stainless steel fasteners and wires, marketed under the TONG brand, primarily serving the Mainland Chinese market. Its product portfolio includes various fasteners, such as screws, nuts, and threaded rods, which find extensive application across sectors like mechanical engineering, energy, communication, and construction. Additionally, the company supplies stainless steel wires, engineered as bespoke raw materials for the production of items such as small screws, kitchenware, wire belts, redrawing wires, and springs. Beyond its manufacturing operations, the company also participates in investment activities. Established in 2009, Tong Ming Enterprise Co., Ltd. maintains its headquarters in Grand Cayman, Cayman Islands.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBITD