SEHK:2589Hospitality
Auntea Jenny (Shanghai) Industrial (SEHK:2589) Stock Price Slides As Earnings Strength Builds
Auntea Jenny (Shanghai) Industrial entered this earnings season with a stock that had slipped 4% over the past week and about 34% over three months, yet the latest half year numbers tell a firmer story. The headline is earnings power. Trailing twelve month basic earnings per share of 5.880833 CNY and net income from continuing operations of 619.644 million CNY now sit against a P/E of 15.1x, roughly in line with the Hong Kong hospitality sector. The gap between a weaker share price and...