Despite declining revenue, Modern Avenue Group's high P/S ratio may indicate investor optimism. However, continued revenue decline could pose significant risk. The high P/S ratio may not be sustainable if revenue trends persist.
$China Evergrande (ADR) (EGRNY.US)$debt crisis also weighed on investor sentiment after Reuters reported that some of the property developer’s offshore bondholders didn't receive interest payments by a Monday deadline.In addition, Evergrande’s rivals, Modern Land (China) Co$Modern Avenue Group (002656.SZ)$. and Sinic Holdings$SINIC HOLDINGS (02103.HK)$are attempting to delay bond payment deadlines, as per the report.Meanwhile, Bloomberg reported that China will commence an inspection of the country’s financial regulators, state-run banks and insurers as part of efforts to tackle corruption.
Modern Avenue Group Stock Forum
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