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I believe future earning is sustainable as glove company will increase their production aggressively in future and this will only increase company's packaging business. Second company never raise their packaging price during pandemic, so whatever the increase or decrease of glove ASP won"t affect earning also, the key point is production capacity. Third, company's major revenue is derived from E&E and this segment is growing aggressively as well together with its healthcare sector.
This company is profitable even before Covid, the new management turnaround the business since last year.
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Let’s wait and see as the capacity expansion is slow and steady, then the share price will follow suit.
lol their business is more sustainable then glove. why. they don't increase asp. lol. glove rely on asp. regardless if got demand their business will be good d.
Malaysia export growth in September, the biggest segment is E&E, meanwhile Dnonce is providing PCB packaging solution to E&E players.
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Full utlitization of capacity in Sadao Thailand is also an indication of higher profit in coming QR.
