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.
長期投資雖然效果不錯,但並不一定適用於每一個個股。我們真的很不願意看到有投資者因此失去他們辛辛苦苦賺來的錢。想象一下,如果您持有新濠國際發展有限公司(HKG:200)五年時間,而股價暴跌了76%。我們懷疑,長揸信仰者並不是唯一擔憂的持有人,因爲股價在過去12個月內下跌了35%。最近一個月,股價又下跌了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.
在過去的一週裏,股價下跌了7.2%,值得調查該公司的基本面,以了解我們可以從過去的業績中推斷出什麼。
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.
鑑於新濠國際發展在過去的12個月內沒有盈利,我們將着重關注其營收增長以快速了解其業務發展。當一家公司沒有盈利時,我們通常希望看到營收增長。有些公司願意推遲盈利,以更快增長營收,但在這種情況下,我們希望能看到良好的營收增長,以彌補缺乏收益的不足。
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.
在過去的五年中,新濠國際發展的營收每年下降24%。可以毫不客氣地說,這使其處於不太吸引人的同行之列。因此,在那個時期,股價每年下降了12%也就不那麼奇怪了。我們認爲這不是一個特別有前途的圖景。具有諷刺意味的是,這種行爲可能爲逆勢投資者創造機會——但前提是有足夠的理由預測更光明的未來。
The image below shows how earnings and revenue have tracked over time (if you click on the image you can see greater detail).
下圖顯示了收益和營收隨時間變化的情況(如果你點擊圖像,可以看到更多細節):
![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,我們已經在上一季度看到了重大內部買入,這被我們認爲是一個積極的跡象。不過,我們認爲盈利和營收增長的趨勢更重要。因此,檢查分析師認爲新濠國際發展將來會賺多少錢(免費利潤預測)是很有道理的。
A Different Perspective
不同的觀點
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.
新濠國際發展的投資者度過了一個艱難的一年,總虧損達35%,而市場則獲得了約5.8%的收益。請記住,即使是最好的股票有時也會在12個月的時間內跑輸市場。可悔的是,去年的表現是一個糟糕的走勢,股東在過去的五年中每年總共虧損了12%。我們知道,巴倫·羅斯柴爾德曾說過,投資者應該“在街頭有人淌血的時候買進”,但我們要警告投資者首先要確定他們正在購買的是高質量的企業。想賺錢的投資者通常會查看內部交易,例如購買的價格和總購買金額。你可以通過點擊此鏈接了解新濠國際發展的內部購買情況。
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.
還有很多其他的公司,公司的內部人士正在購買股票。你可能不想錯過這個免費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.
請注意,本文引用的市場回報反映了當前在香港證券交易所交易的股票的市場加權平均回報。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有反饋?對內容感到擔憂?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。