SEHK:1788Capital Markets
Guotai Junan International (SEHK:1788) Can Margin Gains Justify An 18.5x P E
Guotai Junan International Holdings stock comes into this earnings report on a strong run, with a double digit gain over the past month, and traders will now have to weigh whether the latest numbers really justify that optimism. The headline is profitability. Net profit margin over the past year sits at 33% compared with 25.7% a year earlier, supported by trailing 12 month earnings growth of 109.1%. At the same time the stock trades on a P/E of 18.5x versus lower industry levels, so today is...