China Shun Ke Long Holdings Limited’s (HKG:974) 38% Price Boost Is Out Of Tune With Revenues
Those holding China Shun Ke Long Holdings Limited (HKG:974) shares would be relieved that the share price has rebounded 38% in the last thirty days, but it needs to keep going to repair the recent damage it has caused to investor portfolios. But the last month did very little to improve the 51% share price decline over the last year.
Even after such a large jump in price, there still wouldn’t be many who think China Shun Ke Long Holdings’ price-to-sales (or “P/S”) ratio of 0.4x is worth a mention when the median P/S in Hong Kong’s Consumer Retailing industry is similar at about 0.5x. 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. …
