Wasion Holdings' high P/E ratio is likely due to investors' expectations of continued market outperformance. The company's strong future growth prospects seem to justify the high P/E ratio, with a low likelihood of a significant share price drop soon.

First Pacific's shares are trading cheaply compared to peers. Despite stable prices, it may take time for them to align with industry peers. The optimistic future earnings growth isn't fully reflected in the share price yet.