agree, i wont touch this company's shares. it went up previously due to proposed Kianjoo privatisation as some shareholders saw Boxpak as the next to be privatised. the vietnam plant generates most of the profit but the profit margin is eroding. meanwhile the kl and johor plants are bleeding badly under the clueless new management. the big plan to expand into myanmar will accelerate its loss. myanmar market is already saturated and GSPP isn't doing well there although it's been there for few years.
Stock: [BOXPAK]: BOX-PAK (MALAYSIA) BHD
2016-10-08 23:43 | Report Abuse
agree, i wont touch this company's shares. it went up previously due to proposed Kianjoo privatisation as some shareholders saw Boxpak as the next to be privatised. the vietnam plant generates most of the profit but the profit margin is eroding. meanwhile the kl and johor plants are bleeding badly under the clueless new management. the big plan to expand into myanmar will accelerate its loss. myanmar market is already saturated and GSPP isn't doing well there although it's been there for few years.