Many projects nowadays are said to be undervalued by some big players, but this still can't stop the downward trend. Whether a project is truly undervalued or not, perhaps only the market can provide the answer. Maybe there is no answer at all, because valuation itself might be a lie. Just like when PetroChina first opened, some people said it was undervalued at over 40 yuan. A wave of people rushed in and got buried. Even now, some say it's undervalued, but it just doesn't rise. The financial market is probably so fascinating because it's so hard to understand.
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Many projects nowadays are said to be undervalued by some big players, but this still can't stop the downward trend. Whether a project is truly undervalued or not, perhaps only the market can provide the answer. Maybe there is no answer at all, because valuation itself might be a lie. Just like when PetroChina first opened, some people said it was undervalued at over 40 yuan. A wave of people rushed in and got buried. Even now, some say it's undervalued, but it just doesn't rise. The financial market is probably so fascinating because it's so hard to understand.