Sino Golf Holdings Limited (HKG:361) shareholders won’t be pleased to see that the share price has had a very rough month, dropping 29% and undoing the prior period’s positive performance. The drop over the last 30 days has capped off a tough year for shareholders, with the share price down 32% in that time. Although its price has dipped substantially, you could still be forgiven for feeling indifferent about Sino Golf Holdings’ P/S ratio of 0.6x, since the median price-to-sales (or “P/S”) ratio for the Leisure industry in Hong Kong is also close to 0.4x. While this might not raise any eyebrows, if the P/S ratio is not justified investors could be missing out on a potential opport
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