Easy Smart Group Holdings closed at HK$61.65 after a bruising month that left the stock down about 43% over 30 days. Traders focused on the red ink. Longer term investors are staring at something else entirely. The latest full year showed revenue of HK$209.18 million against a much deeper loss from continuing operations of HK$30.56 million. That profit squeeze is the real story. A very high P/B ratio of 131.3x, compared with a local construction peer average of 20.3x, now hangs over the equity and keeps the valuation debate wide open.

Like the growth story at Easy Smart Group Holdings but uneasy about deep losses and that lofty P/B multiple? Take a look at the list of solid balance sheet and fundamentals stocks (203 results) for…