SEHK:1568Consumer Durables
Sundart Holdings (SEHK:1568) Stock Clings To Profit Stability Despite Revenue Slide
The market had Sundart Holdings priced like a problem stock coming into these results, with the shares at HK$0.66 and a P/E of 5.1x, far below peers. Yet the latest half year numbers tell a calmer story. Net income from continuing operations over the trailing twelve months sits at HK$283.3m, and earnings per share of HK$0.131 still support a high headline dividend yield of 7.58%. The real tension now is whether that income stream and dividend are sturdy enough, which helps explain why today’s...