SGX:BDXReal Estate
GSH (SGX:BDX) Stock Trades At A Premium As Losses Deepen
GSH stock went into this earnings print under pressure, with the share price at S$0.16 and short term returns in the red. The long running thesis has leaned on improving losses and real estate exposure. The latest half year numbers instead spotlight a balance sheet and valuation strain that is hard to ignore.
The company remains loss making on a trailing basis while the stock trades on a P/S of 3.6x against a peer average of 1.5x. Interest coverage is weak, and recent shareholder dilution...