Rarely do the stars align and the share price not follow, but the Churchill China (LON:CHH) price has been flat in spite of a recent upbeat trading update.... performance will be ahead of our earlier expectations for the full year.
With a Quality Rank of 99, Financial Health F score of 9 and bountiful return numbers which have improved consistently for the last 5 years, Churchill on a PE of 15.4 looks undervalued to me.
It looks like concerns over the risk of cheap China imports after Britexit are currently outweighing their export success. Less than 24hrs to their H1 results released on Thursday, when the position should become clearer. What do others think?
