SEHK:472Real Estate
Is New Silkroad Holding Group (SEHK:472) Stock Too Rich For Its Losses?
New Silkroad Holding Group stock has been grinding lower over the past three months, yet the latest earnings drop a different kind of warning. The headline is not the loss itself; it is the size of the hole relative to the business and the valuation pinned on it.
The firm booked a net loss of HK$14.4 million on HK$301.5 million of first half revenue, while the trailing twelve month loss reached HK$243.8 million. Against that backdrop, a P/S multiple of 1.8x, higher than both peer and sector...