SEHK:45Hospitality
Hongkong And Shanghai Hotels (SEHK:45) Stock Faces Profit Quality Questions After H1 Rebound
Hongkong and Shanghai Hotels stock finished today at HK$5.92, roughly flat over the week after a small 7 day pullback and a stronger 30 day run. The share price moved while the real story sat in the earnings. The group has reported a return to profit over the last 12 months, supported by a HK$414.0m one off gain, and now trades on a P/E of 15.6x.
For short term traders the question is how durable that profit looks once the one off fades. For longer term holders the focus shifts to whether the...