Despite a recent share price drop, Guangdong Rifeng Electric...

Moomoo AI Feb 3, 2024 06:20

Despite a recent share price drop, Guangdong Rifeng Electric Cable's high P/E may not be justified due to shrinking medium-term earnings and expected market growth. The share price risks further decline unless conditions improve.

Guangdong Rifeng Electric Cable Co., Ltd.'s (SZSE:002953) 26% Dip Still Leaving Some Shareholders Feeling Restless Over Its P/ERatio

Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates. Read more

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