SGX:S85Hospitality
Straco (SGX:S85) Stock Caught Between Profit Slide And Valuation Doubts
Straco shareholders watched the stock close at S$0.325 on Friday, capping a weak run over the past month, yet the latest half year results tell a more complicated story. The headline is margin pressure. Trailing 12 month net profit margin sits at 23%, below the 28.2% level a year earlier, even as earnings over five years had grown strongly on average.
Short term traders are reacting to that squeeze. Longer term investors are now weighing a P/E of 17.9x and a discounted cash flow estimate...