Soilbuild Construction Group Ltd. (SGX:V5Q) Stock Catapults 31% Though Its Price And Business Still Lag The Market
Soilbuild Construction Group Ltd. (SGX:V5Q) shareholders have had their patience rewarded with a 31% share price jump in the last month. Taking a wider view, although not as strong as the last month, the full year gain of 24% is also fairly reasonable.
Although its price has surged higher, Soilbuild Construction Group may still be sending bullish signals at the moment with its price-to-earnings (or “P/E”) ratio of 6.8x, since almost half of all companies in Singapore have P/E ratios greater than 13x and even P/E’s higher than 24x are not unusual. However, the P/E might be low for a reason and it requires further investigation to determine if it’s justified.
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