SEHK:1882Machinery
Haitian International Holdings (SEHK:1882) Stock Cheapens As Margins Keep Contracting
Haitian International Holdings stock has been under pressure, down about 9% over the past week even before investors fully digested the latest half year report. The headline from these earnings is a margin squeeze that is starting to bite. Net profit margin over the last year slipped to 17.8% from 19.1%, and trailing earnings have softened after several years of slower growth.
For short term traders that hurts. For long term investors the bigger question now is whether a roughly 8x P/E and...