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Ann: ZIP CEMENTS ITSELF AS A TRUE GLOBAL BNPL LEADER, page-326

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    APT Debt/ Eqty= 1.73
    SZL Debt/ Eqty= 0.21
    Z1p Debt/ Eqty= 2.63

    Perhaps that where the difference lies in current valuation...IMO.......and other factor being how market makers have formed their position in relatively overprices APT.

    IMO...DYOR
 
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