2026-03-26 08:43:51

You still have to respect the market and not think that a PE below 20 is cheap.

Especially in Hong Kong stocks.
Back then, Tencent even dropped to a PE of 10x.
Even the mighty Meta once fell to a PE of 10x during the metaverse bust.
Even if profits remain unchanged, a drop from 20x to 10x PE is a 50% decline.

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