Envision Greenwise Holdings Limited’s (HKG:1783) 32% Price Boost Is Out Of Tune With Revenues
Envision Greenwise Holdings Limited (HKG:1783) shares have continued their recent momentum with a 32% gain in the last month alone. The last 30 days bring the annual gain to a very sharp 90%.
Following the firm bounce in price, you could be forgiven for thinking Envision Greenwise Holdings is a stock to steer clear of with a price-to-sales ratios (or “P/S”) of 25.7x, considering almost half the companies in Hong Kong’s Construction industry have P/S ratios below 0.3x. However, the P/S might be quite high for a reason and it requires further investigation to determine if it’s justified.
