PE is not the only valuation method. this counter's dividend payout ratio are 86% to 96% of PAT for the past 5 years. let's say it back to 2018 profit level (2019 is outlier, because of GST tax holiday), the dividend is 86% x 12.11 sen = 10.4 sen. Means at current price, its dividend yield should be 7.77%. Can you imagine the price will keep staying at 7.77%? Plus it will have distributorship from peugeot and Kia(potential). The profit will definitely better than 2018 when the market recover