SEHK:1083Gas Utilities
Towngas Smart Energy (SEHK:1083) Stock Faces Margin Squeeze Beneath Revenue Growth
Towngas Smart Energy closed at HK$3.30 on 18 August, broadly flat over the past month, even after investors digested fresh half year results. The headline is not the top line; the key story is pressure on profitability, with trailing net profit margin at 7% compared with 7.6% a year earlier and a material HK$378.2m one off gain still sitting in the numbers.
That gap between modest share price moves today and a more stretched earnings base over the past year is what longer term holders need to...