SEHK:6666Real Estate
Evergrande Property Services Group (SEHK:6666) Stock Trails Steady Profit As Governance Risk Persists
Evergrande Property Services Group traded into these results with a stock that has drifted over the past quarter and sits at HK$1.145 after a flat near term run. The market is still fixated on the court ordered liquidation of the majority shareholder and on balance sheet risk, even as the business reports steady profit generation.
The headline for today is earnings resilience in the shadow of that strain. Half year net income of C¥517.0m and basic earnings per share of C¥0.05 indicate the...