SGX:B28Hospitality
Bonvests Holdings (SGX:B28) Stock Faces Fresh Scrutiny Over One Off Gain
Bonvests Holdings stock barely budged into these results, with the shares down roughly 2% over the past week and trading around SGD0.96. The headline story is not the share price; it is how much of the reported earnings power rests on a single one off gain.
Trailing net margin sits at 9.4% and reported earnings over the past year look very strong, yet a sizeable SGD15.2m one off item sits inside that story. The market reaction suggests investors are already questioning how much of this profit...