TSE:1961Construction
Sanki Engineering (TSE:1961) Stock Grapples With Premium Valuation After Profit Jump
Sanki Engineering went into this print with a mixed scorecard. The stock had slipped about 12% over the past month even as the trailing P/E sat above the broader construction peer group. The headline from Q1 is profit resilience. Net income excluding extra items landed at ¥4,376m on revenue of ¥53,424m, leaving the trailing twelve month profit margin near 10.2%. That margin strength, together with earnings per share of ¥28.65 for the quarter and a trailing P/E of 14.2x, is what the market now...