Changchun Faway Automobile Components placed at Level 2 on Trading Risk Analytic, remains unchanged.
May 22, 2020 (China Knowledge) – Changchun Faway Automobile Components (stock code: 600742) is placed at Level 2 indicating a low trading risk level that is not likely to experience downward price swings.
Due to the coronavirus COVID-19 outbreak that has hampered China’s economy and financial market since Feb, we have re-adjusted and calibrated our trading-risk assessment criteria. This rating is a short term 1-month risk indicator weighed on market-relevant metrics. In addition to conventional techniques and trading analysis, it includes tracking of the company’s margin trading and stock lending activities, major shareholders’ shares sales and factors that could affect short-term price volatility. This rating does not constitute a long or short call of a company's shares.
Currently, the company’s free-float versus its outstanding shares ratio is 100.00%...
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