SEHK:9922Hospitality
Jiumaojiu International Holdings (SEHK:9922) Stock Slides Despite Return To Profit
Jiumaojiu International Holdings just delivered earnings that look better than the stock price suggests. The shares closed at HK$1.16 on 28 August, capping a 90 day slide of about 25%. The latest half year numbers show positive earnings per share of CN¥0.06 and net income of CN¥75.8m.
For a restaurant operator that recently reported a large one off loss in the last 12 months, the headline this time is simple. Profit is back in the black and margins over the trailing year have improved, even...