SEHK:1028Luxury
C.banner International Holdings (SEHK:1028) Stock Faces Fragile Profit Recovery And Revenue Drift
C.banner International Holdings stock closed at HK$1.125 on Tuesday, barely moved over the week but still sharply lower over three months, and the latest earnings help explain why. The Hong Kong luxury retailer finally posted a small profit in the first half, with basic earnings per share of C¥0.0027 and net income of C¥6.743 million, after a run of losses.
In the short term, the focus is on that fragile return to the black. In the longer term, the focus remains on whether an unprofitable...