SEHK:270Water Utilities
Guangdong Investment (SEHK:270) Net Margin Surges to 24.4%, Supporting Bullish Valuation Narrative
Guangdong Investment (SEHK:270) posted a sharp jump in net profit margin to 24.4%, up from 11.1% a year ago, with earnings growth of 57.7% reversing a five-year average decline of -5.2% per year. Despite a strong showing on profitability, future revenue is anticipated to edge down by 1% annually over the next three years, and earnings are projected to grow at just 1.6% per year, trailing the Hong Kong market’s forecasted 12.3% annual pace. The company’s current Price-to-Earnings Ratio stands...