SEHK:568Energy Services
Shandong Molong Petroleum Machinery (SEHK:568) Stock Trails Revenue Recovery With Fresh Loss
Shandong Molong Petroleum Machinery went into this earnings print with a stock that had already slipped about 15% over three months and a valuation that priced in a sharp recovery. The headline from Q2 is that the profit story still lags the optimism. Revenue sat at about ¥587m, yet the company posted another small net loss and a slightly loss‑making basic earnings per share figure for the quarter.
For a stock trading around HK$4.62 on a premium price to sales multiple and above a discounted...