SEHK:1020Specialty Retail
Ciprun Technology Holdings (SEHK:1020) Stock Richly Valued Despite Persistent Losses
Ciprun Technology Holdings went into this earnings print with the stock at HK$0.244, after a sharp run over the past week and month that set expectations high. The headline from the half year numbers is simple. Revenue reached C¥40.927 million while the company still reported a net loss of C¥25.379 million. The short term story is a speculative stock that has already moved. The longer term question is whether an unprofitable business that trades on a rich 15.3x P/S can justify that valuation...