Investors Push Sky Light Holdings (HKG:3882) 44% Lower This Week, Company's Increasing Losses Might Be to Blame
Investors Push Sky Light Holdings (HKG:3882) 44% Lower This Week, Company's Increasing Losses Might Be to Blame
The Sky Light Holdings Limited (HKG:3882) share price is down a rather concerning 59% in the last month. In contrast, the return over three years has been impressive. In fact, the share price is up a full 262% compared to three years ago. It's not uncommon to see a share price retrace a bit, after a big gain. The fundamental business performance will ultimately dictate whether the top is in, or if this is a stellar buying opportunity.
天光控股有限公司(HKG: 3882)的股价在上个月下跌了相当令人担忧的59%。相比之下,三年来的回报令人印象深刻。实际上,与三年前相比,股价上涨了整整262%。股价在大幅上涨之后略有回调的情况并不少见。基本业务表现最终将决定高层是否进入市场,或者这是否是一个绝佳的买入机会。
While the stock has fallen 44% this week, it's worth focusing on the longer term and seeing if the stocks historical returns have been driven by the underlying fundamentals.
尽管该股本周下跌了44%,但值得关注长期来看,看看股票的历史回报是否是由基础基本面推动的。
Given that Sky Light Holdings didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. Generally speaking, companies without profits are expected to grow revenue every year, and at a good clip. Some companies are willing to postpone profitability to grow revenue faster, but in that case one would hope for good top-line growth to make up for the lack of earnings.
鉴于Sky Light Holdings在过去十二个月中没有盈利,我们将专注于收入增长,以快速了解其业务发展。一般而言,没有利润的公司预计每年收入将增长,而且速度很快。一些公司愿意推迟盈利以更快地增加收入,但在这种情况下,人们希望良好的收入增长来弥补收益不足。
Sky Light Holdings actually saw its revenue drop by 20% per year over three years. So we wouldn't have expected the share price to gain 54% per year, but it has. It's a good reminder that expectations about the future, not the past history, always impact share prices.
实际上,Sky Light Holdings的收入在三年内每年下降20%。因此,我们本来不希望股价每年上涨54%,但确实如此。这很好地提醒人们,对未来的预期,而不是过去的历史,总是会影响股价。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收入和收入随时间推移的跟踪情况(如果您点击图片,可以看到更多细节)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240604/0-234ae11abcd406f3308ff9966ec23960-0-3a5e54bd3f6f5b5a1fb295fb120112df.png/big)
We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..
像我们一样,内部人士在过去的十二个月中一直在购买股票。话虽如此,大多数人认为收益和收入增长趋势是更有意义的业务指南。在买入或卖出股票之前,我们始终建议仔细研究历史增长趋势,请点击此处。
A Different Perspective
不同的视角
Investors in Sky Light Holdings had a tough year, with a total loss of 54%, against a market gain of about 5.3%. Even the share prices of good stocks drop sometimes, but we want to see improvements in the fundamental metrics of a business, before getting too interested. On the bright side, long term shareholders have made money, with a gain of 12% per year over half a decade. It could be that the recent sell-off is an opportunity, so it may be worth checking the fundamental data for signs of a long term growth trend. It's always interesting to track share price performance over the longer term. But to understand Sky Light Holdings better, we need to consider many other factors. For instance, we've identified 4 warning signs for Sky Light Holdings (3 are a bit unpleasant) that you should be aware of.
Sky Light Holdings的投资者经历了艰难的一年,总亏损了54%,而市场涨幅约为5.3%。即使是优质股票的股价有时也会下跌,但我们希望在过于感兴趣之前看到企业基本指标的改善。好的一面是,长期股东赚了钱,在过去的五年中,每年增长12%。最近的抛售可能是一个机会,因此可能值得查看基本面数据以寻找长期增长趋势的迹象。长期跟踪股价表现总是很有意思的。但是,为了更好地了解Sky Light Holdings,我们需要考虑许多其他因素。例如,我们已经确定了Sky Light Holdings的4个警告标志(3个有点不愉快),你应该注意这些标志。
Sky Light Holdings is not the only stock insiders are buying. So take a peek at this free list of small cap companies at attractive valuations which insiders have been buying.
天光控股并不是内部人士唯一买入的股票。因此,看看这份内部人士一直在购买的估值诱人的小盘股公司的免费清单。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Hong Kong exchanges.
请注意,本文引用的市场回报反映了目前在香港交易所交易的股票的市场加权平均回报。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对这篇文章有反馈吗?对内容感到担忧?直接联系我们。 或者,给编辑团队 (at) simplywallst.com 发送电子邮件。
Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。