SEHK:9930Trade Distributors
Horizon Construction Development (SEHK:9930) Stock Faces Thin Margins After One Off Gain
The market has already marked Horizon Construction Development down over the past three months, yet today’s H1 2026 numbers pose a tougher question. The stock closed at HK$0.67 on 5 August after a flat week, while the headline is a construction group still grinding out profit on very slim economics. Net profit margin over the past year sits at just 1.6% and earnings are flattered by a one off gain of CN¥56.7m. For a stock trading on a 12.5x P/E, that mix of thin margins and non recurring...