SEHK:2886Gas Utilities
Binhai Investment (SEHK:2886) Stock Looks Past Improving Margins And Earnings
Binhai Investment stock has barely moved over the past month, yet the fresh half year numbers quietly sharpened the earnings story. The market is still pricing the utility on a trailing P/E of 5.7x, far below both peers and the wider Asian gas utilities industry, even as trailing 12 month earnings grew 21.1% and net profit margin edged up to 3.9%.
For investors, the headline is simple: profitability is improving while the valuation still prices in a heavy discount. The rest of the report...