SEHK:51Real Estate
Harbour Centre Development (SEHK:51) Stock Cheap Screen Masks Persistent Losses
Harbour Centre Development entered this earnings season with a reputation as a deeply loss making stock that screens as cheap on discounted cash flow models. The share price at HK$4.55 has drifted only modestly in recent weeks, which suggests investors were waiting for a clearer profit story rather than trading the name aggressively.
The headline from this half year result is simple. Revenue held near HK$705 million, yet the company still reported a net loss of HK$82 million and a basic loss...