Yunnan Metropolitan RealEstate Development Co.Ltd’s (SHSE:600239) 25% Share Price Plunge Could Signal Some Risk
Yunnan Metropolitan RealEstate Development Co.Ltd (SHSE:600239) shareholders won’t be pleased to see that the share price has had a very rough month, dropping 25% and undoing the prior period’s positive performance. Instead of being rewarded, shareholders who have already held through the last twelve months are now sitting on a 24% share price drop.
In spite of the heavy fall in price, it’s still not a stretch to say that Yunnan Metropolitan RealEstate DevelopmentLtd’s price-to-sales (or “P/S”) ratio of 1.9x right now seems quite “middle-of-the-road” compared to the Real Estate industry in China, where the median P/S ratio is around 2.2x. However, investors might be overlooking a clear opportunity or potential setback if there…
