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Maybe people are wondering, why did the bar and restaurants increase the prices of the beer? Because of rental prices going up especially in city areas.
The problem is price of beer sold in bar has gone up by a lot even though the price of beer is about the same in retail outlets. That is why people stopped drinking beer when they go out.
This counter is definitely insulated from tariffs but for some reason it is only going down. EPF buying, but prices going down, still not sure why. I think the market thinks this company is not valuable but in terms of valuation, this company feels like it has potential. It has potential based on the TAM in the region of Singapore. Thailand, Indonesia, Vietnam and India. They can scale up. Their auxiliary business also doing well, but their share price remains down. It is because the most folks are paying attention to its current business net income and not the future- like 3 years down the road. Huge valuation play.
