SEHK:3650Consumer Services
Keep (SEHK:3650) Stock Could Hinge On Narrowing Losses
Keep stock closed at HK$1.75, capping a three month slide of about 32%. The market has treated it like a broken growth story. The latest half year earnings tell a more nuanced tale. Revenue held around ¥825.1m while losses narrowed, with basic earnings per share at a loss of ¥0.03. That is still firmly in the red, but the pressure on profits eased compared with recent halves.
The real question now is not today’s price flicker. It is whether a low P/S multiple and steadily shrinking losses can...