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Cheng, besides the revenue and profit, the cash in hand is reducing while the trade receiveable increase that may bring high amortisation in future. They should improve of debt collection. Furthermore, minimum wages kick start next month that can increase the costing, seem likes they are hardly to push the cost to their customers. The bright sight is there is recovery of glove segment.
Increase of revenue but reduce in profit margin. This happen when government suddenly announced to lift out subsidy of diesel in Jun. Company may unable to tranfer the cost to buyers in short term during that time. Now another challenge coming is next year Feb, which the 1700 minimum wages can cause increase of operation cost. i do believe the management will transfer the cost to buyers.
