There’s Reason For Concern Over Pacific Legend Group Limited’s (HKG:8547) Massive 25% Price Jump
Pacific Legend Group Limited (HKG:8547) shares have continued their recent momentum with a 25% gain in the last month alone. Longer-term shareholders would be thankful for the recovery in the share price since it’s now virtually flat for the year after the recent bounce.
In spite of the firm bounce in price, there still wouldn’t be many who think Pacific Legend Group’s price-to-sales (or “P/S”) ratio of 0.2x is worth a mention when the median P/S in Hong Kong’s Specialty Retail industry is similar at about 0.5x. Although, it’s not wise to simply ignore the P/S without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
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