TSE:9708Hospitality
Imperial Hotel (TSE:9708) Stock Price Trails Revenue Growth As Profits Crumple
Imperial Hotel stock has drifted only slightly in recent weeks, yet the new earnings tell a sharper story. The headline is margin pressure. Quarterly basic earnings per share landed at ¥2.42 and net income came in at ¥286 million, softer against the recent run rate implied by the trailing twelve month net margin of 6.5%. For short term traders, that gap matters. For longer term holders, the bigger question is how this fits with a P/E of 31.7x in a sector where peers trade at much lower...