SEHK:2142Biotechs
HBM Holdings (SEHK:2142) Stock Revenue Gains Contrast With Margin Pressure
HBM Holdings closed at HK$15.08 after the market had a full day to process its half year numbers. The stock has cooled over the past week but is still up strongly over the past month, which matters when you look at what these results actually say. The headline is not revenue or earnings per share; the story is margin pressure, with trailing net profit margin at 47.2% compared with 63.1% a year ago, while the stock trades on a P/E of 19.8x and above a discounted cash flow value of...