SEHK:62Transportation
Transport International Holdings (SEHK:62) Stock Reflects Steady Revenue And Thin Profit Cushion
Transport International Holdings went into these results with the stock under mild pressure, down roughly 7% over the past three months and closing at HK$9.08 on Friday. The market has been treating it as a low-growth, low-margin bus operator. The headline from this half-year report is margin strain. Net income from ongoing operations was HK$25.2m on HK$4,272.3m of revenue, which keeps profit margins thin and exposes how little cushion the business currently has against higher costs.
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