China Oriental Group Company Limited’s (HKG:581) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
China Oriental Group Company Limited (HKG:581) shares have continued their recent momentum with a 28% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 46%.
Even after such a large jump in price, given about half the companies operating in Hong Kong’s Metals and Mining industry have price-to-sales ratios (or “P/S”) above 0.7x, you may still consider China Oriental Group as an attractive investment with its 0.1x 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.
