SEHK:8115Electrical
Qingda Oriental Group (SEHK:8115) Stock Faces Deepening Losses After Revenue Jump
Qingda Oriental Group heads into this earnings season with the stock under pressure, down about 26% over the past three months and closing at HK$8.645 on 21 August. The headline from Q2 is not the share price. It is the profit squeeze. The company booked a net loss of CNY 489.4 million and basic earnings per share of CNY 2.27 loss despite reporting revenue of CNY 51.3 million.
Short term traders are reacting to the hit. Long term holders now have to weigh that loss against a modelled...