undefi

undefi | Joined since 2022-02-23

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2022-11-06 20:52 | Report Abuse

anyone has any thought on this company?

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2022-02-24 12:27 | Report Abuse

Why didn't the company pass on the higher raw material costs to customers?

Yes, besides PVAC polymer, there are other raw materials and direct production costs as well. But when the management keeps saying "game changing" with its upstream venture, definitely this ingredient plays a crucial role.

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2022-02-23 18:04 | Report Abuse

The latest QR is out. The GP margin dropped to 25% from their usual 30%. I believe they have started producing their own PVAC polymer which the company claims can help to save on raw material costs. However, it's not showing result yet. Anybody has any insights?