Despite a low P/E ratio, the stock's value has dropped due t...
Despite a low P/E ratio, the stock's value has dropped due to its bleak growth forecast. Investors believe the scope for earnings enhancement doesn't warrant a higher P/E ratio. If conditions remain the same, these elements may persistently hinder price growth.
The Market Doesn't Like What It Sees From Tongda Group Holdings Limited's (HKG:698) Earnings Yet As Shares Tumble 28%
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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