SEHK:598Logistics
Sinotrans (SEHK:598) Stock Faces Earnings Drift Despite 8% Yield
Sinotrans stock has drifted lower in recent months, yet the latest Q2 print gave investors a cleaner profit story than the share price suggests. The headline is earnings power. Basic earnings per share came in at ¥0.145, supported by net income from ongoing operations of just over ¥1.0b. That sits against a valuation on roughly 7x earnings and a dividend yield above 8%. For a logistics stock that often trades on thin margins and cash generation, this quarter was about whether that income line...