SEHK:408Chemicals
Yip's Chemical Holdings (SEHK:408) Stock Trails Profit Surge And One Off Questions
Yip's Chemical Holdings stock closed at HK$2.67 after the market had a day to digest a set of earnings that look more impressive than the share price suggests. The chemicals group just posted half year basic earnings per share of HK$0.253 and trailing twelve month earnings growth of 64.7%, which pushed its trailing net margin to 6.6%.
Yet the stock still trades on a P/E of about 7x while peers sit higher, even as the latest numbers are flattered by a HK$53.5m one off gain. The key question...