SEHK:317Machinery
CSSC Offshore & Marine Engineering (Group) (SEHK:317) Stock Faces Revenue Pressure As Profitability Improves
CSSC Offshore & Marine Engineering (Group) went into this print with a stock that had slid roughly 15% over the past three months, even as trailing earnings growth and margin gains had been strong. The headline today is that profitability, not revenue, stole the show. Second quarter basic earnings per share came in at ¥0.31 on net income of about ¥440 million, while the trailing P/E sits near 11x and below the Hong Kong machinery industry average. For investors, the gap between price and...