SEHK:156Consumer Retailing
Lippo China Resources (SEHK:156) Stock Trails A Profit Rebound At 5.6x P E
Lippo China Resources closed at HK$0.99 on the day its half year numbers landed, a flat price that hardly reflects how sharply the story has flipped on the income statement. The company moved from prior losses to a solid profit in the last twelve months, and the latest half year delivered basic earnings per share of HK$0.15 on HK$434.393 million of revenue.
The stock still trades on a P/E of 5.6x, which sits well below the Hong Kong market and consumer retail peers. That gap now rests on a...