Regal Partners Holdings Limited (HKG:1575) May Have Run Too Fast Too Soon With Recent 42% Price Plummet
Regal Partners Holdings Limited (HKG:1575) shareholders won’t be pleased to see that the share price has had a very rough month, dropping 42% and undoing the prior period’s positive performance. For any long-term shareholders, the last month ends a year to forget by locking in a 70% share price decline.
Although its price has dipped substantially, given close to half the companies operating in Hong Kong’s Consumer Durables industry have price-to-sales ratios (or “P/S”) below 0.5x, you may still consider Regal Partners Holdings as a stock to potentially avoid with its 1.1x P/S ratio. Nonetheless, we’d need to dig a little deeper to determine if there is a rational basis for the elevated P/S.
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