SEHK:6826Biotechs
Shanghai Haohai Biological Technology (SEHK:6826) Stock Hit By Margin Compression And Profit Drop
Shanghai Haohai Biological Technology heads into this earnings season with a stock that has slipped about 18% over the past three months, yet trades on a P/E of 20.7 that still sits below the broader Hong Kong biotech industry. The market has been fixated on dividend yield and headline earnings volatility.
The key issue in this Q2 release is the profit squeeze behind those headlines. Trailing net margin is 6.5% compared with 15.4% a year earlier, and the period includes a large one-off loss...