SEHK:1599Construction
Beijing Urban Construction (SEHK:1599) Stock Looks Cheap As Profit Falls Hard
Beijing Urban Construction Design & Development Group came into this earnings print looking like a deep value stock, with a P/E of 2.4x against far richer Hong Kong construction peers, yet the shares have drifted, including a roughly 14% slide over the past three months. The Q2 release puts that discount under a harsher light. Revenue of C¥1,485.9m and basic EPS of C¥0.050 point to a clear squeeze on profitability compared with recent quarters, even though the trailing net margin of 6.8%...