SEHK:1601Diversified Financial
Zhongguancun Science Tech Leasing (SEHK:1601) Profit Squeeze Clouds Revenue Rebound
The stock went into the Q2 print barely changed over the past month and quarter, yet Zhongguancun Science-Tech Leasing just put a fresh spotlight on its valuation gap. With the shares closing at HK$0.795 and the stock on a P/E of 4.3x against much richer industry multiples, the market is still treating this as a high risk lender. The headline from these earnings is not the quarter to quarter revenue noise. It is a business that remains highly profitable, with a trailing 12 month net margin of...