Carry Wealth Holdings Limited’s (HKG:643) 39% Price Boost Is Out Of Tune With Revenues
Despite an already strong run, Carry Wealth Holdings Limited (HKG:643) shares have been powering on, with a gain of 39% in the last thirty days. The last 30 days bring the annual gain to a very sharp 54%.
Although its price has surged higher, you could still be forgiven for feeling indifferent about Carry Wealth Holdings’ P/S ratio of 0.4x, since the median price-to-sales (or “P/S”) ratio for the Luxury industry in Hong Kong is also close to 0.6x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
