During lockdown, the demand for plastic packaging surges for quite some time as evidenced by these counters previous lockdown's financial results. Most counters $SCGM $TGUAN $SCIENTX $DAIBOCI $TOMYPAK $SLP are now reasonably priced. Thank me later.
EPS estimates missed. Emm how is that good? Underweight on Scientex. Analysts won't tell you yet but most funds would re-rate to SELL. Long term investors have nothing to worry but the run-up for the past few months is due for a correction
So so qr but continuous YoY revenue and profit growth is a very good sign, even during pandemic year also still growing. P/E 14 is consider cheap for what i consider a growth counter.
Some people write off this quarter say what raw material increase la, logistic cost increase la. Export market will lost sales etc. Well scientex prove that packaging is still strong even among headwinds
The spread of the Delta variant and extreme weather contributed to a larger-than-expected slowdown in China’s economy in July, figures released Monday showed. Indicators of industrial, consumption and investment activity all showed growth retreating faster than expected and decelerating from June’s yearly growth rates.
Source: WSJ | Commodities
The data are a concern for commodity traders because China is the world’s largest importer of oil and a huge consumer of other raw materials such as copper. Weakness in China’s economy can quickly spread around the world, analysts say, particularly when travel patterns and supply chains are being disrupted as they are now due to the coronavirus.
2. Stronger US dollar increases costs of commodities for foreign buyers,
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BobbyAxelrod
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Posted by BobbyAxelrod > 2021-06-01 09:00 | Report Abuse
During lockdown, the demand for plastic packaging surges for quite some time as evidenced by these counters previous lockdown's financial results. Most counters $SCGM $TGUAN $SCIENTX $DAIBOCI $TOMYPAK $SLP are now reasonably priced. Thank me later.