You're right I agree with you, you know everything has time and season, I believe some investors are secretly accumulating that stock for a possible run upUnited Bank for Africa trading at a P/E of 2.4x is not just “undervalued.”
It reflects a market that has not fully priced in its earnings power, possibly due to macro uncertainty or lingering skepticism.
When perception eventually aligns with reality, re-rating happens quietly and then suddenly.