China Tourism And Culture Investment Group Co.,Ltd (SHSE:600358) shareholders that were waiting for something to happen have been dealt a blow with a 32% share price drop in the last month. The recent drop completes a disastrous twelve months for shareholders, who are sitting on a 55% loss during that time.
After such a large drop in price, given close to half the companies in China’s Hospitality industry have price-to-sales ratios (or “P/S”) above 5.2x, you may consider China Tourism And Culture Investment GroupLtd as a highly attractive investment with its 2.3x P/S ratio. However, the P/S might be quite low for a reason and it requires further investigation to determine if it’s justified.
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