SEHK:1481Commercial Services
Smart Globe Holdings (SEHK:1481) Stock Price Trails Profit Rebound As 113.5x P/E Looms
Smart Globe Holdings entered this earnings release with a flat 7 day share price and a 90 day slide, yet the latest numbers point to a very different story. The stock closed at HK$1.50 today while the business reported sharply higher half year revenue of HK$190.734 million and Basic EPS of HK$0.0137.
The real flashpoint is valuation. A P/E of 113.5x and a share price sitting above an estimated cash flow value of HK$1.08 mean today’s muted price reaction looks more like nerves about what is...