SEHK:393Consumer Services
Glorious Sun Enterprises (SEHK:393) Stock Looks Cheap As Earnings Strength Builds
Glorious Sun Enterprises went into this earnings release with the stock flat over the past week and only modestly ahead over one month, which suggests sentiment was cautious rather than euphoric. The headline is simple: profitability held up and earnings over the last year grew, yet the stock still closes at HK$1.34 while trading on a P/E of 24.2x and at a sharp discount to an HK$2.67 fair value estimate. For investors, the key point is the tension between that valuation gap and rising...