$ZIM Integrated Shipping(ZIM.US)$ P/E is so low, only 0.56, ...
$ZIM Integrated Shipping(ZIM.US)$ P/E is so low, only 0.56, why this stock is so cheap? Anyone can enlighten me? Thanks!
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QMengColdJoke : sellers and shorts believe a recession will make shipping industry back to previous years high competition. Also new ship orders in 2020 and 2021 have been constructed and in service. But BDI index rebounded from 5XX to 12XX in past 2 weeks.
XD-SG OP QMengColdJoke : Thank you for explaining. I will hold on to my position.