Further Weakness as LingNan Eco&Culture-TourismLtd (SZSE:002717) Drops 21% This Week, Taking Five-year Losses to 79%
Further Weakness as LingNan Eco&Culture-TourismLtd (SZSE:002717) Drops 21% This Week, Taking Five-year Losses to 79%
Long term investing works well, but it doesn't always work for each individual stock. We don't wish catastrophic capital loss on anyone. Imagine if you held LingNan Eco&Culture-Tourism Co.,Ltd. (SZSE:002717) for half a decade as the share price tanked 79%. And it's not just long term holders hurting, because the stock is down 69% in the last year. The falls have accelerated recently, with the share price down 48% in the last three months.
長期投資效果良好,但並不總是適用於每隻個股。我們不希望任何人遭受災難性資本損失。 想象一下如果你持有嶺南生態旅遊股份有限公司(SZSE:002717) 的股票,最後5年股價暴跌了79%。不只是長揸者受到了傷害,因爲在過去的一年中該股票下跌了69%。 近期跌勢有所加速,股價在過去三個月下跌了48%。
Since LingNan Eco&Culture-TourismLtd has shed CN¥455m from its value in the past 7 days, let's see if the longer term decline has been driven by the business' economics.
由於嶺南生態旅遊股份有限公司在過去7天中縮減了4,550萬人民幣, 讓我們來看看更長時間的下跌是否由公司的經濟規模所致。
LingNan Eco&Culture-TourismLtd isn't currently profitable, so most analysts would look to revenue growth to get an idea of how fast the underlying business is growing. When a company doesn't make profits, we'd generally hope to see good revenue growth. As you can imagine, fast revenue growth, when maintained, often leads to fast profit growth.
目前嶺南生態旅遊股份有限公司還沒有盈利能力,所以大多數分析師會關注其營業收入增長情況以了解基礎業務增長速度。當一家公司沒有盈利時,我們通常希望能看到良好的營業收入增長。可以想象,保持快速的營業收入增長,通常會導致快速的盈利增長。 在過去5年裏,嶺南生態旅遊股份有限公司的營業收入年均下滑29%。這絕對是大多數無利潤公司報告的較差結果。因此,不難看出在同一時期內股價下降了12%。這樣的價格表現使我們非常警惕,特別是與營收下降相結合時。具有諷刺意味的是,這種行爲可能會爲反向投資者創造機會-但只有在有充分理由預測更好的未來時才會如此。
In the last five years LingNan Eco&Culture-TourismLtd saw its revenue shrink by 29% per year. That's definitely a weaker result than most pre-profit companies report. So it's not altogether surprising to see the share price down 12% per year in the same time period. This kind of price performance makes us very wary, especially when combined with falling revenue. Ironically, that behavior could create an opportunity for the contrarian investor - but only if there are good reasons to predict a brighter future.
我認爲長期的股票價格表現是企業績效的代理,非常有趣。但要真正獲得洞察力,我們還需要考慮其他信息。考慮風險,例如。每個公司都有自己的風險,我們已經發現了嶺南生態旅遊股份有限公司存在3個警示信號,您應該知道。但請注意:嶺南生態旅遊股份有限公司可能不是最好的股票。因此,請查看具有過去盈利增長(以及進一步增長預測)的有趣公司的免費列表。
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/7781/20240813/0-d9e7c15626418ae6b49e05c5e36be1b8-0-fac70b111af2a546078cc65f49cedf74.png/big)
If you are thinking of buying or selling LingNan Eco&Culture-TourismLtd stock, you should check out this FREE detailed report on its balance sheet.
如果您考慮買入或賣出嶺南生態旅遊股份有限公司的股票,則應查看其資產負債表的此免費詳細報告。
A Different Perspective
不同的觀點
While the broader market lost about 18% in the twelve months, LingNan Eco&Culture-TourismLtd shareholders did even worse, losing 69%. 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. Unfortunately, last year's performance may indicate unresolved challenges, given that it was worse than the annualised loss of 12% over the last half decade. 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. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider risks, for instance. Every company has them, and we've spotted 3 warning signs for LingNan Eco&Culture-TourismLtd you should know about.
雖然整個市場在過去12個月中損失約18%,但嶺南生態旅遊股份有限公司的股東們遭受了更大的損失,損失達69%。儘管如此,不可避免地一些股票會在下跌市場中被賣過度,關鍵是注意基本面的發展情況。不幸的是,去年的表現可能表明存在未解決的挑戰,因爲它比過去半個世紀的年化虧損12%更糟糕。我們知道Baron Rothschild曾說過投資者應該「在街上有血流時購買」,但我們提醒投資者首先要確信他們正在購買高品質的企業。
But note: LingNan Eco&Culture-TourismLtd may not be the best stock to buy. So take a peek at this free list of interesting companies with past earnings growth (and further growth forecast).
但請注意:嶺南生態旅遊股份有限公司可能不是最佳購買股票。因此,請查看具有過去盈利增長(以及進一步增長預測)的有趣公司的免費列表。
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上市的股票的市場加權平均回報。
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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。