SEHK:1618Construction
Metallurgical Corporation Of China (SEHK:1618) Stock Hit By Revenue Slide And Loss
Metallurgical Corporation of China just asked investors a hard question. With the stock closing at HK$1.445 and trailing returns over 30 and 90 days in decline, the market has been pricing in fatigue. The fresh Q2 print answered with a jolt. Quarterly revenue landed at ¥83,702.7m but the headline was a swing into loss, with basic earnings per share turning to a ¥0.030513 loss and net income moving into the red.
The sentiment reckoning now centers on that profit squeeze. Price has drifted;...