Nasdaq Beater$YILI(600887.SH) interim report operating profit fell 12%, its P/E ratio looks good only because of that investment income provision. If I were to value it at the same level as China Feihe in Hong Kong, it would be 1.5 times P/B. Currently, there's still 50% downside potential. This shows that the so-called undervaluation of A-shares is a lie. Some people even seriously argue that the average P/E ratio of leading consumer companies is less than 20 times. If those 20 times are of this quality, I'd say even 10 times is too much!
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