C&N Holdings Limited (8430.HK)

Negative ROE indicates either losses or negative equity – a major Benjamin Graham warning. Confirm if leverage or poor profitability is the cause.

Negative ROA indicates net losses or excessive assets. Benjamin Graham would question viability or capital misallocation.

Negative ROCE suggests negative EBIT or an inflated capital base. Benjamin Graham would check if the firm is structurally unprofitable.

Gross margin under 10% – Very poor. Philip Fisher would require evidence of major restructuring or product differentiation.

Negative operating margin means operating expenses exceed gross profit – a classic Benjamin Graham red flag. Investigate cost structure or revenue viability.

Negative net margin indicates net losses. Benjamin Graham would caution about solvency and capital reserves.