SEHK:9863Auto
Leapmotor (SEHK:9863) Stock Profit Turn Meets Lofty P/E Questions
Zhejiang Leapmotor Technology stock came into the earnings print with a mixed tape, down about 3% over the past week but still up around 11% over the past month. That backdrop matters because the headline from this report is clear. The company is now showing meaningful profit on fast growing electric vehicle volume, yet the shares still trade on a very rich trailing P/E of 68.9x.
The sentiment test for you is simple. Are investors paying up for real earnings momentum or reacting emotionally...