Investors justify Leascend Technology's high P/S ratio due to expected strong future growth. The company's forecasted revenue growth, higher than the rest of the IT industry, supports the P/S and share price.

Analysts are highly confident in Leascend Technology's growth, expecting it to breakeven within 12 months. The company's low debt obligation reduces the risk around investing in the loss-making company.

Leascend Technology's high P/S ratio finds justification in its forecasted revenue outdoing the rest of the IT industry. Shareholders' growth confidence in the company holds them from offloading stocks.