Despite poor growth, the company trades at a high P/E. Inves...
Despite poor growth, the company trades at a high P/E. Investors may hope for a business turnaround, but risk disappointment if P/E falls in line with negative growth rates. The high P/E is uncomfortable given the company's weak earnings performance.
Million Cities Holdings Limited's (HKG:2892) Shares Climb 45% But Its Business Is Yet to Catch Up
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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