Vistar Holdings Limited’s (HKG:8535) 54% Share Price Surge Not Quite Adding Up
Vistar Holdings Limited (HKG:8535) shareholders have had their patience rewarded with a 54% share price jump in the last month. The last month tops off a massive increase of 278% in the last year.
In spite of the firm bounce in price, there still wouldn’t be many who think Vistar Holdings’ price-to-sales (or “P/S”) ratio of 0.7x is worth a mention when the median P/S in Hong Kong’s Construction industry is similar at about 0.3x. 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.
