SEHK:325Leisure
Bloks Group (SEHK:325) Stock Rallies As Margins Reset And Valuation Questions Linger
Bloks Group went into this H1 print on a strong run, with the stock up roughly 55% over the past month, yet it still closed at HK$71.0 today against a much higher published discounted cash flow value. The headline from the results is not the share price move; it is the sharp reset in profitability, with trailing net profit margin reported at 21.6% compared with 6.1% a year earlier and basic earnings per share over the last twelve months of 2.914651 CNY.
Is Bloks Group trading at a genuine...