老是不听劝！

不管是什么生意，要着重：

P/E (Intrinsic) ∝ ROIC by ROICARP principle

and

PE/ROIC = 1 or PE/(The balance of ROIC & Growth)
。

not true, peng. Oppstar is newly listed and there's limited data from the past and there is no sufficient data/objective evidence of its capabilities from IP perspectives driving future growth. A more relevant and realistic baseline relative comparison is indeed the PE of its peers which is based on their historical performance. And we are talking about experienced peers from Japan, Korea and India.