Widad Group Berhad (KLSE:WIDAD) Stock Catapults 50% Though Its Price And Business Still Lag The Industry
Widad Group Berhad (KLSE:WIDAD) shareholders would be excited to see that the share price has had a great month, posting a 50% gain and recovering from prior weakness. But the last month did very little to improve the 67% share price decline over the last year.
Even after such a large jump in price, given about half the companies operating in Malaysia’s Construction industry have price-to-sales ratios (or “P/S”) above 0.9x, you may still consider Widad Group Berhad as an attractive investment with its 0.2x 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.
