SEHK:3680IT
Ruihe Data Technology Holdings (SEHK:3680) Stock Rebound Masks Revenue Pressure
Ruihe Data Technology Holdings has been edging higher in recent weeks, with the stock up about 5.3% over the past three months, yet today’s reaction tells you very little about the real story. The headline in these half year numbers is not revenue; it is the earnings swing back into profit. Basic earnings per share came in at ¥0.0665 and net income reached ¥58.205 million, a sharp contrast with the loss in the previous half. Traders may focus on the short term bounce, but the bigger question...