Our website is made possible by displaying non-intrusive online advertisements to our visitors.
Please consider supporting us by disabling or pausing your ad blocker.
Yes, EBITA is showing a profit. I am concerned with the top line, Revenue. Millions invested in new machinery in Indonesia and New Plant in Thailand. Should start seeing results in Q3 2024. Thailand sales only 1.9 mil for the Q4 2024, way below the 5.7 mil in Q4 2022. Indonesia sales 2.1 mil. Q4 2022 was 2.8 mil. Why is sales dropping even with new plant and machinery started operations?
In 2023 spend millions in new machinery in Indonesia and new facility in Thailand. Unfortunately, sales have been pretty much flat in those countries. That is concerning to me.
I have sold off my holdings with the recent price increase as my target was reached. Will look at their next Qtr results to decide whether to go in or not. At the current price, I think it is too risky to go in.