Meta Media Holdings Limited’s (HKG:72) Price Is Right But Growth Is Lacking After Shares Rocket 28%
Despite an already strong run, Meta Media Holdings Limited (HKG:72) shares have been powering on, with a gain of 28% in the last thirty days. Looking further back, the 12% rise over the last twelve months isn’t too bad notwithstanding the strength over the last 30 days.
Even after such a large jump in price, considering around half the companies operating in Hong Kong’s Media industry have price-to-sales ratios (or “P/S”) above 1.1x, you may still consider Meta Media Holdings as an solid investment opportunity with its 0.3x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s limited.
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