Regal Partners Holdings Limited’s (HKG:1575) 34% Share Price Surge Not Quite Adding Up
Regal Partners Holdings Limited (HKG:1575) shareholders would be excited to see that the share price has had a great month, posting a 34% gain and recovering from prior weakness. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 20% over that time.
After such a large jump in price, when almost half of the companies in Hong Kong’s Consumer Durables industry have price-to-sales ratios (or “P/S”) below 0.6x, you may consider Regal Partners Holdings as a stock probably not worth researching with its 1.9x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s as high as it is.
