SEHK:467Oil and Gas
United Energy Group (SEHK:467) Stock Growth Meets Lingering Margin Pressure
United Energy Group stock closed at HK$0.405 on 1 September, quietly reflecting a value story that looks inexpensive on trailing numbers, while the underlying earnings picture is more complicated. The headline from this half year is margin pressure. Net profit margin over the last 12 months was 6.1%, lower than the 7.5% level a year earlier, and the period also carried a one off loss of HK$728.4m that weighs on reported profitability.
That mix of thinner margins and distorted earnings now...