Guosheng securities issued a research report on April 29, saying that it gave a buy rating to Fulong MA ( Fujian Longma Environmental Sanitation Equipment Co.Ltd(603686) .sh, latest price: 9.18 yuan). The reasons for rating mainly include: 1) slowdown in performance growth and decline in profits; 2) The gross profit margin was stable, the operating cash flow decreased, and the management expense ratio increased; 3) Sanitation service orders continue to win the bid; 4) The market share of equipment ranks first.
Risk tip: the competition of environmental sanitation equipment intensifies and the company’s market share declines; The expansion of sanitation service market was less than expected.
AI comments: fulongma has received attention from 5 research reports of securities companies in recent month and bought 4.
