Shareholders Have Faith in Loss-making Shanghai Dragon (SHSE:600630) as Stock Climbs 11% in Past Week, Taking Three-year Gain to 126%
Shareholders Have Faith in Loss-making Shanghai Dragon (SHSE:600630) as Stock Climbs 11% in Past Week, Taking Three-year Gain to 126%
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes to zero. But if you buy shares in a really great company, you can more than double your money. To wit, the Shanghai Dragon Corporation (SHSE:600630) share price has flown 126% in the last three years. That sort of return is as solid as granite. And in the last month, the share price has gained 17%. But this could be related to good market conditions -- stocks in its market are up 9.6% in the last month.
這可能看起來很糟糕,但是當你買入一隻股票(沒有槓桿作用)時可能發生的最糟糕的情況是它的股價變爲零。但是,如果你購買一家非常棒的公司的股票,你可以 更多 比你的錢翻一番。換句話說,上海龍航集團(SHSE: 600630)的股價在過去三年中上漲了126%。這種回報就像花崗岩一樣堅實。而在上個月,股價上漲了17%。但這可能與良好的市場狀況有關——其市場股票在上個月上漲了9.6%。
The past week has proven to be lucrative for Shanghai Dragon investors, so let's see if fundamentals drove the company's three-year performance.
事實證明,過去一週對上海龍的投資者來說是有利可圖的,所以讓我們看看基本面是否推動了該公司的三年業績。
Because Shanghai Dragon made a loss in the last twelve months, we think the market is probably more focussed on revenue and revenue growth, at least for now. Shareholders of unprofitable companies usually expect strong revenue growth. Some companies are willing to postpone profitability to grow revenue faster, but in that case one does expect good top-line growth.
由於上海飛龍在過去十二個月中出現虧損,我們認爲市場可能更注重收入和收入增長,至少目前是如此。無利可圖的公司的股東通常期望強勁的收入增長。一些公司願意推遲盈利以更快地增加收入,但在這種情況下,人們確實預計收入會有良好的增長。
In the last 3 years Shanghai Dragon saw its revenue shrink by 24% per year. So we wouldn't have expected the share price to gain 31% per year, but it has. It's a good reminder that expectations about the future, not the past history, always impact share prices.
在過去的3年中,上海飛龍的收入每年減少24%。因此,我們本來不希望股價每年上漲31%,但確實如此。這很好地提醒人們,對未來的預期,而不是過去的歷史,總是會影響股價。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下圖顯示了收入和收入隨時間推移的跟蹤情況(如果您點擊圖片,可以看到更多細節)。
![earnings-and-revenue-growth](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240315/0-6b1f9f8edb9a14d4601725f3545e9527-0-c4ecf7f20737406ee6c55f3d9cb84625.png/big)
This free interactive report on Shanghai Dragon's balance sheet strength is a great place to start, if you want to investigate the stock further.
如果你想進一步調查該股,這份關於上海龍龍資產負債表實力的免費互動報告是一個很好的起點。
A Different Perspective
不同的視角
It's nice to see that Shanghai Dragon shareholders have received a total shareholder return of 113% over the last year. Since the one-year TSR is better than the five-year TSR (the latter coming in at 4% per year), it would seem that the stock's performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand Shanghai Dragon better, we need to consider many other factors. Case in point: We've spotted 2 warning signs for Shanghai Dragon you should be aware of.
很高興看到上海龍的股東在過去一年中獲得了113%的總股東回報率。由於一年期股東總回報率好於五年期股東總回報率(後者爲每年4%),因此該股的表現似乎在最近有所改善。在最好的情況下,這可能暗示着一些真正的業務勢頭,這意味着現在可能是深入研究的好時機。長期跟蹤股價表現總是很有意思的。但是,爲了更好地了解上海之龍,我們需要考慮許多其他因素。一個很好的例子:我們已經發現了兩個你應該注意的上海龍的警告標誌。
We will like Shanghai Dragon better if we see some big insider buys. While we wait, check out this free list of growing companies with considerable, recent, insider buying.
如果我們看到一些重大的內幕收購,我們會更喜歡上海龍之龍。在我們等待的同時,請查看這份免費清單,列出了最近有大量內幕收購的成長型公司。
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Chinese exchanges.
請注意,本文引用的市場回報反映了目前在中國交易所交易的股票的市場加權平均回報。
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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.
對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。