KGB: Will it continue fly?
The recent QR shows a 4% yoy increase in the bottom line, despite a reduction in revenue, achieving 33m PAT. This improvement is attributed to a higher margin resulting from a favorable UHP business mix and industrial gas. The latest quarter achieved an 11% margin, higher than the historical average of 5%-7%.
Exclusing one-off fx loss 6.7m, the net profit is around 38m, margin could goes even higher to 12%-13%.
Will the stock continue to fly today?
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