SEHK:9890Entertainment
Tanwan (SEHK:9890) Stock Faces Profit Squeeze Despite Low 4.1x P/E
Tanwan stock closed at HK$10.31 after a soft few months, yet the earnings story that dropped last night was all about pressure on profitability rather than collapse. Basic earnings per share for the first half landed at ¥0.36, much lighter than the recent trailing twelve month figure of ¥2.07. That gap is what the market is processing today. With a trailing P/E of 4.1x and a 26.5% net margin over the past year, investors now have to decide whether this profit squeeze is a short-term issue or...