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May 18, 2020, 9:44 a.m. EDT

What's Driving $TCOM, $PKX And $MFC In Near Future?

May 18, 2020 (The Market Signal via Comtex) -- Sector Reports was created as a platform to help investors find the best free Stock Reports on stocks they own. If you are a shareholder or looking for stocks to buy (NAS:TCOM) , (NYS:PKX) or (NYS:MFC) then we strongly urge you to join our community by signing up with the link below and getting a completely free research report on each company today.

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Trip.Com Reports Strong Q4 2019 Financial Results

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(NAS:TCOM) has a forward P/E of 2.36 which is way below its current P/E of 16.24 indicating that the earnings of the company are expected to increase in future. Today, the company announced unaudited financial report for Q4 2019 and full year ending December 31, 2019.

One of the leading travel and related services provider, Trip.com reported that its Q4 2019 Income from operations was $84 million, as against $26.57 million from same quarter in 2018. Its non-GAAP income from operations surged 294% YoY and accounted for $148 million in Q4 2019.

Net income attributable to company's shareholders was $289 million for the fourth quarter of 2019, which resulted in $1.0 billion net income of 2019 as against $0.15 billion net income for full year 2018.

POSCO Might See Increased Steel Demand As Businesses Start Re-Opening

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(NYS:PKX) has a forward P/E of 3.66 which is way below its current P/E of 7.33 indicating that the earnings of the company are expected to increase in future. Last month, the company had reported 41.4% decline in Q1 2020 operating profit due to slumping demand of steel across the world amid COVID-19 outbreak.

POSCO is the fifth largest steelmaker of the world and said that as the virus continues to prowl, it is expected that the steel demand will continue to remain slow. Notably, as many as 2.6 million people in the world (and still counting) are sickened due to the virus, which has curveted downward, the steel demand resulting from construction and automobile businesses across the world.

Demand in China shrunk 6.8% in Q1 2020. However, as things start appearing normal in the second largest world economy and businesses start re-opening, it is expected that things will soon start to bounce back.

Manulife Financial Would Be Pleased To Deploy Capital By Pushing Stake In Chinese JV

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Manulife Financial Corporation ( NYSE:MFC ) has a forward P/E of 3.75 which is way below its current P/E of 6.83 indicating that the earnings of the company are expected to increase in future. As the company's 80% workforce goes back to office, Manulife Financial Corp said that it would be pleased to push up its stake in Sinochem, the joint venture with Chinese company.

The company had entered into this JV with the state-owned Chinese company back in the year 1996. It owns 51% stake in Sinochem. Also indicating at the Barclays Americas Select Conference, that the acquisition isn't a priority in Canada's list; the company would still grab the opportunity to push up the stake in this JV.

Phil Witherington, the CFO of Manulife Financial said that it isn't a necessity but "nice way to potentially deploy capital".

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The post What's Driving $TCOM, $PKX And $MFC In Near Future? appeared first on The Market Signals .

COMTEX_365852540/2662/2020-05-18T09:43:31

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