Melco International Development (HKG:200 Shareholders Incur Further Losses as Stock Declines 7.2% This Week, Taking Five-year Losses to 76%
Melco International Development (HKG:200 Shareholders Incur Further Losses as Stock Declines 7.2% This Week, Taking Five-year Losses to 76%
Long term investing works well, but it doesn't always work for each individual stock. We really hate to see fellow investors lose their hard-earned money. Imagine if you held Melco International Development Limited (HKG:200) for half a decade as the share price tanked 76%. And we doubt long term believers are the only worried holders, since the stock price has declined 35% over the last twelve months. More recently, the share price has dropped a further 16% in a month.
长期投资虽然效果不错,但并不一定适用于每一个个股。我们真的很不愿意看到有投资者因此失去他们辛辛苦苦赚来的钱。想象一下,如果您持有新濠国际发展有限公司(HKG:200)五年时间,而股价暴跌了76%。我们怀疑,长期持有信仰者并不是唯一担忧的持有人,因为股价在过去12个月内下跌了35%。最近一个月,股价又下跌了16%。
After losing 7.2% this past week, it's worth investigating the company's fundamentals to see what we can infer from past performance.
在过去的一周里,股价下跌了7.2%,值得调查该公司的基本面,以了解我们可以从过去的业绩中推断出什么。
Given that Melco International Development 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. When a company doesn't make profits, we'd generally hope to see good revenue growth. 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.
鉴于新濠国际发展在过去的12个月内没有盈利,我们将着重关注其营收增长以快速了解其业务发展。当一家公司没有盈利时,我们通常希望看到营收增长。有些公司愿意推迟盈利,以更快增长营收,但在这种情况下,我们希望能看到良好的营收增长,以弥补缺乏收益的不足。
In the last five years Melco International Development saw its revenue shrink by 24% per year. That puts it in an unattractive cohort, to put it mildly. So it's not that strange that the share price dropped 12% per year in that period. We don't think this is a particularly promising picture. Ironically, that behavior could create an opportunity for the contrarian investor - but only if there are good reasons to predict a brighter future.
在过去的五年中,新濠国际发展的营收每年下降24%。可以毫不客气地说,这使其处于不太吸引人的同行之列。因此,在那个时期,股价每年下降了12%也就不那么奇怪了。我们认为这不是一个特别有前途的图景。具有讽刺意味的是,这种行为可能为逆势投资者创造机会——但前提是有足够的理由预测更光明的未来。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下图显示了收益和营收随时间变化的情况(如果你点击图像,可以看到更多细节):
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240720/0-e304e18e1b9129875062f75f8bdad893-0-df830ba7555214cb2ecaa021a9be2f20.png/big)
It's probably worth noting we've seen significant insider buying in the last quarter, which we consider a positive. That said, we think earnings and revenue growth trends are even more important factors to consider. So it makes a lot of sense to check out what analysts think Melco International Development will earn in the future (free profit forecasts).
值得注意的是,我们已经在上一季度看到了重大内部买入,这被我们认为是一个积极的迹象。不过,我们认为盈利和营收增长的趋势更重要。因此,检查分析师认为新濠国际发展将来会赚多少钱(免费利润预测)是很有道理的。
A Different Perspective
不同的观点
Investors in Melco International Development had a tough year, with a total loss of 35%, against a market gain of about 5.8%. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 12% per year over five years. We realise that Baron Rothschild has said investors should "buy when there is blood on the streets", but we caution that investors should first be sure they are buying a high quality business. Investors who like to make money usually check up on insider purchases, such as the price paid, and total amount bought. You can find out about the insider purchases of Melco International Development by clicking this link.
新濠国际发展的投资者度过了一个艰难的一年,总亏损达35%,而市场则获得了约5.8%的收益。请记住,即使是最好的股票有时也会在12个月的时间内跑输市场。可悔的是,去年的表现是一个糟糕的走势,股东在过去的五年中每年总共亏损了12%。我们知道,巴伦·罗斯柴尔德曾说过,投资者应该“在街头有人淌血的时候买进”,但我们要警告投资者首先要确定他们正在购买的是高质量的企业。想赚钱的投资者通常会查看内部交易,例如购买的价格和总购买金额。你可以通过点击此链接了解新濠国际发展的内部购买情况。
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying.
还有很多其他的公司,公司的内部人士正在购买股票。你可能不想错过这个免费的小市值公司的低估列表。
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当前在香港证券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.
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。