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Mulsanne Group Holding Limited's (HKG:1817) Popularity With Investors Under Threat As Stock Sinks 47%
mulsanne group [01817] is now trading at HKD 0.59, with a rise of 13.46%.
As of 09:38, Mulsanne Group Holdings [01817] reported HKD 0.59, up HKD 0.07 or 13.46% from the closing price of HKD 0.52 yesterday. The transaction amount was HKD 0.0003 million. The highest price today was HKD 0.59, and the lowest price was HKD 0.59. Based on the closing price yesterday, the 10-day average price is HKD 1.14, and the 50-day average price is HKD 1.14. The current PE ratio is 24.06, and the 14-day relative strength index is 46.30.
The stock price of Moshang Group (01817.HK) is fluctuating, and behind the liquidity crisis 'effect' is a value bargain.
Recently, the stock price of MuShang Group, the parent company of GXG, has fluctuated significantly, with a single-day drop of over 30% on September 2nd, drawing the attention of the author. Despite the large decline, the details behind it are worth a thorough analysis.
Is Mulsanne Group Holding (HKG:1817) Using Too Much Debt?
Mulsanne Group's Profit Drops in H1 on Flat Revenue
Mulsanne Group Holding (01817.HK) achieved double-digit growth in revenue and gross profit in the first half of the year. The sales revenue of the main brand GXG increased by 6.2% year-on-year.
On August 23rd, Mulsanne Group Holdings (01817.HK) announced its interim performance. In the first half of 2024, the Group's total revenue was RMB 1.088 billion, a YoY growth of 0.3%. The gross margin was RMB 0.583 billion, a YoY growth of 1.0%, and the gross margin rate slightly increased to 53.6%. Due to (i) successful implementation of the group's brand promotion initiatives, (ii) enhanced product development to provide consumers with a better product experience, and (iii) the sales revenue growth of the group's main brand GXG of RMB 56.8 million or 6.2%, the group achieved a sales revenue growth of RMB 56.8 million or 6.2% as of June 30, 2024.
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