SEHK:103Metals and Mining
Shougang Century Holdings (SEHK:103) Stock Grapples With Revenue Growth And Profit Squeeze
The market has been treating Shougang Century Holdings like a comeback story, with the stock up over the past month even as the 90 day return still shows a double digit decline. Today's interim numbers put that optimism under the spotlight. The key storyline is margin and profit pressure. Half year basic earnings per share sit at HK$0.0195 on revenue of HK$1,323.684 million, a much thinner profit slice than recent halves. With a trailing P/E of 28.8x and a dividend yield above 4%, the market...