SEHK:3996Construction
China Energy Engineering (SEHK:3996) Stock Cheapens As Profit Margin Narrows
China Energy Engineering went into this earnings print with a bruised share price, down over the past week, month and quarter. It is trading on a trailing P/E of 7.4x that is below both the Hong Kong construction industry and the wider market. The headline this quarter is margin and profit pressure. Net profit margin over the last twelve months sat at 1.2%, compared with 1.9% a year earlier, and Q2 net income of ¥824.1m came in well below Q1. The stock may look inexpensive, but these numbers...