Tongcheng Travel Holdings (HKG:780) Shareholders Have Endured a 27% Loss From Investing in the Stock a Year Ago
Tongcheng Travel Holdings (HKG:780) Shareholders Have Endured a 27% Loss From Investing in the Stock a Year Ago
Investors can approximate the average market return by buying an index fund. But if you buy individual stocks, you can do both better or worse than that. For example, the Tongcheng Travel Holdings Limited (HKG:780) share price is down 27% in the last year. That's disappointing when you consider the market declined 0.9%. At least the damage isn't so bad if you look at the last three years, since the stock is down 12% in that time. It's down 39% in about a quarter.
投資者可以通過買入指數基金來接近平均市場回報。但是如果你購買個別股票,你的表現會更好或者更差。例如,同程藝龍控股有限公司(HKG:780)的股價在過去一年中下跌了27%。考慮到市場下跌了0.9%,這是令人失望的。至少如果您查看過去三年,就不會受到太大的損害,因爲該股票在那段時間內下跌了12%。它在約一個季度內下跌了39%。
Since shareholders are down over the longer term, lets look at the underlying fundamentals over the that time and see if they've been consistent with returns.
由於股東們長期以來都虧損了,因此讓我們回顧過去一段時間的基本面,看看是否一直與收益相一致。
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price.
雖然一些人仍然在教授高效市場假說,但已經證明市場是過度反應的動態系統,投資者不總是理性的。一種有缺陷但合理的評估公司情緒變化的方法是比較每股收益 (EPS) 與股價。
A Different Perspective
不同的觀點
We regret to report that Tongcheng Travel Holdings shareholders are down 27% for the year (even including dividends). Unfortunately, that's worse than the broader market decline of 0.9%. Having said that, it's inevitable that some stocks will be oversold in a falling market. The key is to keep your eyes on the fundamental developments. Longer term investors wouldn't be so upset, since they would have made 3%, each year, over five years. 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. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. For example, we've discovered 1 warning sign for Tongcheng Travel Holdings that you should be aware of before investing here.
我們很遺憾地報告,同程藝龍控股的股東在今年(包括紅利)遭受了27%的虧損。不幸的是,這比更廣泛的市場下跌0.9%還要缺乏。此外,在下跌市場中,一些股票被超賣是不可避免的。關鍵是要注意基本面的發展。長期的投資者不會太失望,因爲在五年內他們每年都能獲得3%的回報。近期的拋售可能是一個機會,因此值得檢查基本數據,以尋找長期增長的跡象。雖然考慮市場狀況對股價的不同影響是值得考慮的,但還有其他更重要的因素。例如,在投資這裏之前,我們發現了1個同程藝龍控股的警示信號,你應該注意一下。
For those who like to find winning investments this free list of undervalued companies with recent insider purchasing, could be just the ticket.
對於那些喜歡尋找獲勝投資的人來說,最近有內部購買的低估公司免費列表可能是一個很好的選擇。
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。