SEHK:2386Construction
Sinopec Engineering Group (SEHK:2386) Stock Revenue Rises While Margins Keep Shrinking
SINOPEC Engineering (Group) closed at HK$5.18 after a weak few months, with the stock down about 11% over the past quarter. The market has been cooling on the story just as the latest half year numbers put profitability under more pressure. Net profit margins over the last year sit at 2.1%, down from 3.8%, while the trailing P/E multiple of 12.6x still leans above peer levels.
For short term traders, that margin squeeze is the headline. For longer term holders, the key question now is whether...