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RH PetroGas (SGX:T13) Stock Premium Meets Sharply Thinner Profit Margins
RH PetroGas went into this earnings print with a stock that has drifted over the past quarter and a reputation for being priced richly on a trailing P/E of 24.7x. Yet the headline from the latest half year is pressure on profitability rather than a growth reboot. Trailing 12 month net income of US$4.4 million now sits on a much slimmer 5.4% margin, well below last year’s level.
For investors, the tension is clear. The share price still carries a premium earnings multiple while the core story...
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