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Tiong Woon (SGX:BQM) Stock Price Ignores Margin Gains and Profit Growth

Tiong Woon (SGX:BQM) Stock Price Ignores Margin Gains and Profit Growth

Tiong Woon Corporation Holding walked into this earnings day with a stock that had slipped about 7% over the past month and about 11% over the past quarter, despite trading on a single digit P/E and a wide gap to one popular fair value estimate. The headline today is simple. Profitability is holding up, with trailing net profit margin at 12.7% and earnings over the last year reported higher than the prior period, yet the share price has barely budged, closing at just under S$1.

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