$YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$
Today $1.7x is different from $1.7x in 2017
Will look from perspective of Price to Book and all else equal.
Look at the Price to Book (PB) ratio:
2017: 1.2x PB for price of $1.7x
2019: 1.04x PB for price of 1.6x
2021: 0.92x PE for price of 1.6x
In 2019, th share price crashed from high was due to one time extraordinary incident. If without this extraordinary event, price may go higher but no one can predict the future.
The lower valuation given today may factor in the risk of debt investment and political risk.
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