Despite a price drop, Ningbo United GroupLtd's P/E ratio may...

Despite a price drop, Ningbo United GroupLtd's P/E ratio may still be bullish. However, the low P/E could be due to investors' belief in the company's potential underperformance. The weak share price has pulled its P/E below most others, and unless conditions improve, they will continue to form a barrier for the share price.