Hongbaoli Group's low P/S ratio may be due to market's belie...
Hongbaoli Group's low P/S ratio may be due to market's belief that its recent revenue performance can't keep up with the industry. The company's weaker growth and revenue decline over the past year could be reasons for this. Shareholders may be uncomfortable holding a stock they believe will continue to underperform the wider industry.
![](https://pubimg-10000538.picsh.myqcloud.com/202205090000020492d117b9c91.jpg)
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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