SEHK:363Industrials
Shanghai Industrial Holdings (SEHK:363) Stock Looks Cheap But Revenue Pressure Persists
Shanghai Industrial Holdings stock closed at HK$14.10, with short term returns roughly flat to slightly positive over the past month, while the 90 day performance is still in decline. Today's earnings story turns on one thing that often gets lost in the noise: the company is carrying the weight of a roughly HK$1.9b one off loss in the last 12 months, yet still reports net income and a P/E of 7.5x that sits below both the Hong Kong market and the Asian industrials peer group.
Is Shanghai...