Weaker First-Half Results and Wider Losses Shift SJM Holdings Investment Outlook
SJM Holdings reported weaker first-half performance, with revenue falling and net loss widening to HK$294.7 million, making steady near-term profitability less likely. The share price has already retreated sharply over the past year, but the risk remains that losses could persist longer than expected. A single fair-value estimate also points to a much lower valuation versus the recent move.