I'm just curious of people buying this stock, what is the justrification to buy at this price level? It provides no dividend, it has negative earning, its P/B ratio is at a hefty 50 (way overblown).
And, all those promises about future does not materialize, until, in many years ahead. Even if it does materialize, the P/B ratio alone is gonna take years to justify the stock price.
So why do people buy at this price ? Just hope it keeps going higher, but no tangible return?
精彩评论
their CEO has mentioned that they can turn a profit anytime they want. however, they're aggressively expanding beyond SEA to capture market share overseas. don't just look at P/B.