TSE:7384Banks
Procrea Holdings (TSE:7384) Stock Rebound Faces Premium P E And Credit Gaps
Procrea Holdings came into this earnings print with a hot stock, up about 21% over three months and trading on a rich 30.1x P/E, roughly double the Japanese banks sector. The headline today is simple. The quarter delivered a sharp swing back to profit with basic earnings per share of ¥105.53 and net income of ¥2,988m, while credit quality metrics such as non performing loans stayed in focus. The share price at ¥4,320 now has to justify that premium against a business that has only recently...