SGX:YF8Capital Markets
Yangzijiang Financial Holding (SGX:YF8) Stock Rich Multiple Meets Widening Losses
Yangzijiang Financial Holding closed at S$0.21 today after a weak week for the stock, yet the latest half year numbers highlight that the main focus is on the balance sheet and the valuation gap. The company remains loss making over the last 12 months, with net income from continuing operations of S$150.0m in the red, but the stock still trades on a P/S of 8.3x against lower industry and peer levels.
This contrast between relatively high revenue multiples and reported losses, together with an...