Despite Hoe Leong's recent share price surge, its declining ...
Despite Hoe Leong's recent share price surge, its declining revenue and industry's projected growth could lead to a share price decline. The company's P/S ratio being on par with the industry despite declining revenues is surprising. A difficult period for shareholders may be ahead unless the recent medium-term revenue decline improves.
![](https://pubimg-10000538.picsh.myqcloud.com/20220509000001559ac498760b5.jpg)
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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