For me the bottom line is that this great tech company has a forward P/E of 9, which is about a third or a quarter of comparable U.S. companies. Even the trailing P/E of 18 is well below similar U.S. tech companies. This stock could easily double or triple in the next year, especially if tensions ease between the U.S. and China and/or if China's stimulus proves as effective as many believe it will. All the bad news is already priced into the share price and any good news will send this much higher.
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