Further Upside For NagaCorp Ltd. (HKG:3918) Shares Could Introduce Price Risks After 35% Bounce
Despite an already strong run, NagaCorp Ltd. (HKG:3918) shares have been powering on, with a gain of 35% in the last thirty days. Looking back a bit further, it’s encouraging to see the stock is up 79% in the last year.
In spite of the firm bounce in price, there still wouldn’t be many who think NagaCorp’s price-to-earnings (or “P/E”) ratio of 12.9x is worth a mention when the median P/E in Hong Kong is similar at about 12x. However, investors might be overlooking a clear opportunity or potential setback if there is no rational basis for the P/E.
Recent times have been advantageous for NagaCorp as its earnings…
