SEHK:777Entertainment
NetDragon Websoft Holdings (SEHK:777) Stock Faces Valuation Heat As Revenue Softens
NetDragon Websoft Holdings closed at HK$8.075, with the stock edging higher in recent weeks while sentiment quietly reset after a rougher 90 day stretch. The headline from this earnings release is about valuation strain rather than the income statement. The stock trades at 23.2x P/E, above both peer and industry averages, even as trailing 12 month net income excluding extra items sits at CN¥157 million on CN¥4.184b of revenue. The market reaction appears more like investors defending a rich...