SEHK:2460Beverage
China Resources Beverage (SEHK:2460) Stock Confronts Shrinking Margins And Softer Earnings
China Resources Beverage (Holdings) shares have drifted over recent months, yet today’s earnings story is all about pressure on profitability rather than the share price. The stock closed at HK$7.51 with a soft 7 day and 90 day run. The headline is the squeeze in profit quality. Trailing net profit margin sits at 7.5% compared with 10.8% last year, while basic earnings per share for the latest half year print is C¥0.25. The market is reacting to that margin compression and the potential...