SEHK:1940Chemicals
China Gas Industry Investment Holdings (SEHK:1940) Stock Price Meets Profit Growth And Margin Pressure
China Gas Industry Investment Holdings entered this earnings day with the stock already up over 21% in the past month, helped by a low 6.8x P/E and a discounted price against some valuation estimates. The headline today is straightforward: profit growth in the gas chemicals business is real, not just sentiment. Net income over the past 12 months reached ¥196.2 million, with earnings per share of ¥0.170465, which supports the recent optimism.
The question now is whether a HK$1.30 share price...