Hopefluent

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#21
(23-02-2021, 08:24 AM)buddy Wrote: Still trades below cash on its books & way below Book Value. China property sales for year FY20 have been up on yony basis. So expect revenues to be flat if not up with margins under pressure due to COVID and competition.

Notwithstanding the current property situation in China, the valuation seems incredible and it traded as low as 1.2 HKD. 

Is the mkt assigning a zero value to its receivables or assuming its cash is not there or undisclosed liabilities or ????  Huh

In any case, having been bitten once, I shall stay away.   Confused
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#22
(05-01-2022, 06:55 PM)dreamybear Wrote:
(23-02-2021, 08:24 AM)buddy Wrote: Still trades below cash on its books & way below Book Value. China property sales for year FY20 have been up on yony basis. So expect revenues to be flat if not up with margins under pressure due to COVID and competition.

Notwithstanding the current property situation in China, the valuation seems incredible and it traded as low as 1.2 HKD. 

Is the mkt assigning a zero value to its receivables or assuming its cash is not there or undisclosed liabilities or ????  Huh

In any case, having been bitten once, I shall stay away.   Confused

The company has issued profit warning and estimated a loss of not less than HK$300 million due to impairment of receivables.
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