SGX:A04Machinery
ASL Marine Holdings (SGX:A04) Stock Profit Surge Meets Balance Sheet Doubts
ASL Marine Holdings shares have drifted lower in recent months, yet the latest full year numbers land with a different message. The stock closed at SGD0.295 on 28 August, even as net margin over the past year sat at 9.2% and earnings per share reached about SGD0.032 on a trailing basis. For a shipyard and marine services business long viewed as balance sheet heavy, this set of results puts the earnings line in the spotlight.
Is SGX:A04 pricing in this earnings jump or ignoring the balance...