SEHK:2005Pharmaceuticals
SSY Group (SEHK:2005) Stock Premium Faces Pressure From Thinner Margins
SSY Group went into this earnings print with the stock already up double digits over the past month, trading at a P/E above both peer and industry averages. The headline today is simple: the business delivered a heavier profit squeeze just as investors had been paying a premium for the stock.
Net margin on a trailing basis is now 11.6%, down from 14.4% a year earlier, even as revenue sits at a 13.7% per year level. SSY Group is still framed around strong growth forecasts, but this set of...