Kwoon Chung Bus Holdings Limited’s (HKG:306) Share Price Boosted 28% But Its Business Prospects Need A Lift Too
Kwoon Chung Bus Holdings Limited (HKG:306) shares have continued their recent momentum with a 28% gain in the last month alone. Looking back a bit further, it’s encouraging to see the stock is up 66% in the last year.
Although its price has surged higher, given about half the companies in Hong Kong have price-to-earnings ratios (or “P/E’s”) above 13x, you may still consider Kwoon Chung Bus Holdings as an attractive investment with its 9.3x P/E ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the reduced P/E.
