Posted by mjy88 > 2016-08-10 13:28 | Report Abuse

通源生意通四海。。。

Posted by soojinhou > 2016-08-10 14:34 | Report Abuse

Excellent summary, thank you.

Posted by YiStock > 2016-08-10 14:57 | Report Abuse

25 % gross margin??? May yield 120 mil net profit per year..Harrty 30, 承你贵言。

Posted by Harryt30 > 2016-08-10 16:04 | Report Abuse

33 layers机器真的很先进, 很像太空舱。Yistocks, if q2 result break new high, I think 33 layer contribute a lot.

Posted by Patrick13 > 2016-08-11 09:16 | Report Abuse

Harryt30, wondering how you get opportunity can visit their factory?

Posted by Ricky Yeo > 2016-08-11 10:05 | Report Abuse

The key question isn't "Can state of the art machinery boost revenue?" but "Can Tguan prevent Scientex or any other film manufacturer from spending 20mil to get that machinery, thereby ensure them earning a superior margin?' As the theory goes, if anyone can get their hands on the machine, who stand to gain the most? Tguan? Scientex? Or food packaging companies?

Posted by mjy88 > 2016-08-11 14:13 | Report Abuse

@Ricky Yeo

The global demand for plastic packaging has been growing since the beginning of the industrial era. The link below is a good write up that projects the CAGR of the industry at 4.8% from 2015 to 2020. No worries even if other companies are setting up the same production line as the demand is strong enough.

http://www.plasticstoday.com/packaging/global-plastics-packaging-market-hit-375-billion-2020/23800481624973

Posted by Ricky Yeo > 2016-08-11 15:21 | Report Abuse

Mjy88, if the gloves industry can boost their capacity to meet the 7-8% growth of disposable gloves market, and go beyond to the point of oversupply, 4.8% is not a problem.

Posted by Tee Tom > 2016-08-11 16:50 | Report Abuse

Believe - buy. Not believe - dont buy. But price will tell you whether your decision is right or not

Posted by tealeaf > 2016-08-13 16:08 | Report Abuse

thanks for sharing....