SEHK:1848Trade Distributors
China Aircraft Leasing Group Holdings (SEHK:1848) Stock Grapples With Margin Compression
China Aircraft Leasing Group Holdings went into this earnings day with the stock up around 7.6% over the past week and trading at HK$3.8, on a P/E of 7.7x that already priced in a discounted story. The headline this time is not the share price move. It is the pressure behind the numbers, where a reported 10.4% net margin over the last twelve months sits below last year while past earnings were flattered by a large HK$501.5m one off gain.
Like the value angle in China Aircraft Leasing Group...