SEHK:1888Electronic
Kingboard Laminates Holdings (SEHK:1888) Stock Richly Valued After Margin Rebound
Kingboard Laminates Holdings closed at HK$47.10 on Friday, up strongly over the past month even though the past week has been weak. The market came into this earnings print already paying a rich P/E of 33.8x, well above peers, so sentiment was leaning optimistic rather than cautious.
The headline from these half year numbers is clear. Profitability has shifted sharply, with trailing net profit margin at 17.1% compared with 7.9% a year earlier and earnings over the past twelve months up 187%...