Ya. But it happened quite a few months ago. So they moved some of the worker to work additional night shift. That's the reason Q4 is still able to shine.The oven out because order too good it got over heated. After repaired the sales will soar higher.
This is great info for shareholders and potential investors. Very transparent to make informed buy, sell or hold decisions. Keep it coming Sardin. Much appreciated.
@sardin. Thanks for the info. But I heard the oven only can repair ready in 2nd half. The oven out of order in mid of Nov. So the affected result for last QR is only 1.5 month. Worry this QR is full 3 months sure will affect a bit biz.
I anticipate the impact is minor because in the past 3 years the production was far from full capacity so I think temporary knock out of one old production line would not loose much sales compare to Q4. We are actually buying because of anticipated better result starts from 2H 2024. Don't forget the advanced totally brand new gas fired production line that is to be setup. If you are worried go and find in local mall any serious prolong out of stock of the crackers. Answer is NO, I have been observing for 2 months. Haha.
In fact, the biggest concern should be demand for the product and profit margin. I mention these 2 only because dividend policy is crystal clear. A temporary minor production problem is a good distract to me and some of us.But I also think the management should have done better about the maintenance.
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....
shortinvestor77
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Posted by shortinvestor77 > 2 months ago | Report Abuse
Indisputable.