SEHK:8321Construction
Tai Kam Holdings (SEHK:8321) Profit Turnaround Meets Dilution And P E Doubts
The stock closed on the earnings day at HK$1.81, only slightly higher over the past month, yet Tai Kam Holdings has just put a very different story on the table. The headline is simple: a construction stock long viewed as expensive on a P/E of 39.4x has moved firmly into the profit column, with basic earnings per share of HK$0.127224 in the latest half and HK$0.0854 over the trailing twelve months.
The real flashpoint for investors is the expectation gap between that fresh profitability and a...