SEHK:2383Media
TOM Group (SEHK:2383) Stock Premium Persists Even As Losses Narrow
TOM Group’s share price closed at HK$0.37 after the latest results, little changed over the past week, yet the earnings story is far from flat. The media stock remains loss making, with trailing 12 month net income from continuing operations in a loss of HK$81.104 million, which keeps pressure on sentiment.
The real pivot for long term investors is not today’s muted price move but the gradual tightening of those losses over recent years, set against a rich P/S multiple of about 2x compared...