This is why the Dow is plunging: 1. Concerns that the Fed will raise rates 2. Rising interest rates 3. Worries about the bond market 4. Too far, too fast
You will be surprised when they make losses on the newly operated franchise business which depleting their net profit to less than 10 sen. The diluted EPS could be lower than 30 sen, PE is more than 12.
I don't believe in any prediction on company profit will go up/down. 3 years later is too long and the director is mentioning the revenue for the next 10 years. With the current rapid change in technology, ppl might not use plastic in the next 10 years. Yesterday star might be tomorrow falling knife.
Thong Guan is one of the 10 largest producers of stretch film in the world. The group produces both conventional and nano-layer stretch film, though its focus is now on growing the latter in markets such as Europe, where demand for the product is high as it is more suitable for wrapping machines.
“In Europe, we do not enjoy the generalised scheme of preferences (GSP) anymore, so we have to pay the 6.5% import duty. That we are able to absorb the import duty proves that our high-performance film commands margins beyond the 6.5%, and we are able to compete against European players who do not pay import duties at all,” Ang remarks.
USD is recovering with the bank rate increase by the federal reserves, Trump has another set of bond with more value release to the market strengthen DJI, S&P, Nasdac, ...I don't think it should be sunset for packaging industry, it should and go for new high! CIMB TP at Rm 5.9 though we can't trust analyst all the time but....think about it.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
riskabsorber
582 posts
Posted by riskabsorber > 2018-02-06 10:42 | Report Abuse
Next target is 3.10-3.30 in this week.