SEHK:1361Luxury
361 Degrees International (SEHK:1361) Stock Price Lags Rising Profit Margins
361 Degrees International came into this week looking like a value play that many investors were still ignoring. The stock closed today at HK$4.83, only modestly higher over the past month, even though the latest half year showed Basic EPS of ¥0.4441 and net income of ¥925.9m. For a sportswear company that often trades on brand heat rather than reported profit, this earnings print put cold, hard profitability back at the centre of the story.
Impressed by 361 Degrees International turning in...