SEHK:2130Logistics
CN Logistics (SEHK:2130) Stock Premium Looks Stretched Against Thin Margins
CN Logistics International Holdings walked into this earnings day with a tired share price and a rich earnings multiple. The stock has drifted lower over the past quarter, yet still trades on a trailing P/E of 36x, while many Asian logistics peers sit closer to the low 20s. Against that backdrop, the headline from H1 2026 is simple: revenue reached HK$1,633.7m and basic earnings per share came in at HK$0.089, which leaves a thin 0.8% trailing net margin. The market now has to decide whether...