000960:SZSEYunnan Tin Company Limited Analysis

Yunnan Tin (000960.SZ) is trading at CNY 34.86, comfortably above its computed support of CNY 33.20 but well below the resistance of CNY 44.96. The 20‑day SMA (CNY 38.22) and 50‑day SMA (CNY 36.79) sit above the current price, indicating a short‑term pullback within a longer‑term uptrend, as reflected by the bullish trend direction. Momentum is mixed: the 14‑day RSI at 42.7 suggests neither overbought nor oversold conditions, while the MACD histogram is negative and the signal line is labeled “bearish.” Volume is increasing, and the Fear & Greed Index reads “Extreme Greed” (84.14), implying strong market appetite for risk‑on assets. Volatility is high at roughly 79% over the past 30 days, yet the stock’s beta of 0.45 denotes low systematic risk relative to the market.
On the fundamentals side, revenue surged 60% YoY to CNY 49.36 bn, driven by robust tin and non‑ferrous metal demand. Margins remain modest (gross 11%, operating 7%) but earnings are solid, with trailing EPS of CNY 1.38 and forward EPS projected at CNY 2.78. The forward P/E of 12.5 is well below the historical average, and analysts’ median target of CNY 41 implies roughly 19% upside. The company pays a 1.62% dividend with a payout ratio of just 22%, suggesting the dividend is sustainable despite negative free cash flow. Debt‑to‑equity sits at 63%, manageable given the cash balance of CNY 5.49 bn and the low beta profile. The consensus recommendation is “strong buy,” reinforcing the view that the stock is currently undervalued. Overall, the combination of strong revenue growth, attractive valuation multiples, and a supportive dividend policy makes Yunnan Tin a compelling buy for investors across horizons.