Pacific Online Limited’s (HKG:543) 31% Price Boost Is Out Of Tune With Revenues
Pacific Online Limited (HKG:543) shares have continued their recent momentum with a 31% gain in the last month alone. Taking a wider view, although not as strong as the last month, the full year gain of 21% is also fairly reasonable.
Even after such a large jump in price, you could still be forgiven for feeling indifferent about Pacific Online’s P/S ratio of 0.8x, since the median price-to-sales (or “P/S”) ratio for the Interactive Media and Services industry in Hong Kong is also close to 0.9x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opportunity or ignoring looming disappointment.
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