Market Might Still Lack Some Conviction On Keen Ocean International Holding Limited (HKG:8070) Even After 28% Share Price Boost
Keen Ocean International Holding Limited (HKG:8070) shares have continued their recent momentum with a 28% gain in the last month alone. The last month tops off a massive increase of 127% in the last year.
Although its price has surged higher, Keen Ocean International Holding’s price-to-earnings (or “P/E”) ratio of 7.3x might still make it look like a buy right now compared to the market in Hong Kong, where around half of the companies have P/E ratios above 13x and even P/E’s above 25x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
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