The high P/E ratio, despite lower earnings, may be justified...
The high P/E ratio, despite lower earnings, may be justified if investors expect a robust recovery. A positive earnings outlook from analysts contributes to this high ratio. With investors ready to pay more for the stock, a significant price drop seems unlikely under current circumstances.
Zhejiang XCC Group Co.,Ltd's (SHSE:603667) Share Price Matching Investor Opinion
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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