Posted by YiStock > 2017-08-23 07:50 | Report Abuse

Bpplas generally take at least 2 quarters to pass through the cost. The lower gross margin of quarter 2 is very likely due to higher resin price in quarter 1. Since resin price has averagely drop about 6% in quarter 2, i believe quarter 3 result should improve.

Posted by YiStock > 2017-08-23 07:59 | Report Abuse

On another note, bpplas is still selling the old technology strectfilm. If they do not upgrade their machine with newer technology, i believe the business volume will continue to be under pressure.