There’s Reason For Concern Over China Qinfa Group Limited’s (HKG:866) Massive 26% Price Jump
China Qinfa Group Limited (HKG:866) shares have continued their recent momentum with a 26% gain in the last month alone. The last month tops off a massive increase of 167% in the last year.
In spite of the firm bounce in price, you could still be forgiven for feeling indifferent about China Qinfa Group’s P/E ratio of 12.8x, since the median price-to-earnings (or “P/E”) ratio in Hong Kong is also close to 12x. Although, it’s not wise to simply ignore the P/E without explanation as investors may be disregarding a distinct opportunity or a costly mistake.
Recent times have been quite advantageous for China…
