SEHK:697Real Estate
Shoucheng Holdings (SEHK:697) Stock Confronts Profit Squeeze At 62.9x P/E
Shoucheng Holdings walked into this earnings day with a bruised share price, down over 20% across both one and three months, yet still trading on a P/E of 62.9x and above a discounted cash flow estimate of HK$1.11. The headline this time is margin pressure. Net profit margin for the last 12 months sits at 12.7%, while the prior year was 34.6%, lifted by a one-off HK$178.1m gain. The stock at HK$1.37 now asks investors to decide whether that squeeze reflects temporary noise or a more...