CTD 1.76% $12.69 corporate travel management limited

Ann: CTD 2019 Full Year Results, page-36

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    DEFINITION of Multiple Compression. Multiple compression is the effect that arises when a stock sees its earnings increase, but the stock price doesn't move up (or even goes down). The result is that the given multiple (P/E ratio) is reduced even though nothing is fundamentally wrong with the company. Compression of a company's multiple can be interpreted as the valuation being called into question.

    Please see above from investopedia re multiple compression/contraction.
 
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