Absolutely correct, analysing past information and apply the current economic condition to predict the future prospects is investment, else it is gambling. Particularly at this tough economy, using capacity expansion as business strategies is a risk-approach which will highly lead to over-trading especially with a targeted monthly production capacity increase of almost 43.5% from only a historical annual growth of 5.3%.

Capacity expansion do not guarantee sales growth,looking at their revenue growth for the past three years, it was 9%, 13% and 0.17% in 2018.And the profit after tax was a decrease of 8% from 2017. If the earning do not grow, 30% dividend policy payout means nothing.