SEHK:2722Industrials
Chongqing Machinery & Electric (SEHK:2722) Stock Price Slides As Margins Strengthen
Chongqing Machinery & Electric just delivered stronger profits while the stock has been losing steam. The shares closed at HK$1.97 on 21 August, after a slide of about 37% over the past three months, yet trailing twelve month earnings rose to ¥900.9m and net profit margin improved to 8.4% from 6.2%. That combination of a lower share price and higher margins is the key takeaway for this earnings season.
Is Chongqing Machinery & Electric trading at a genuine bargain, or is the low P/E and big...