TSE:2353Commercial Services
Can NIPPON PARKING DEVELOPMENT (TSE:2353) Stock Justify Its Profit Premium?
NIPPON PARKING DEVELOPMENTLtd closed at ¥258 on the day of its Q4 release after a week where the stock slipped about 4%. The reaction looks cautious, yet the headline story is a parking operator that just printed another profit year, with trailing earnings up and a net margin sitting at 14.3%.
Short term traders focused on the soft recent share move. Longer term holders are more likely to focus on that profitability against a backdrop of only modest forecast earnings growth and a valuation...