It must hit 1.40 to have a meaningful rise. If not, stay away would be a good option. It has yet to recover, say what you want. Over the long term, its profitability depends on crude oil prices
BPplas (yellow line) is GENERALLY very lag in pass through the cost. I tend to agree with Patrick 13, the gross margin should bounce back assuming business volume remain stable.
down trend, I run first. wait time for his recovery. its cost increase, revenue drop . although capacity increase but could not meet demand, this is useless.
How to know the prospect is true? Like next 2nd half will be better? Can the director simple put some story in the bursa announcement? Who governs the announcement contains?! Angry investor here!
Currently they only know the results of July, without august and Sep figure, how they can conclude that? Should bursa reprimand the director if the event didn't turn out as mention?
Just to highlight that Prospect only says "expects to deliver an improved performance in the 2nd half year." it din mean to promise, commit or guarantee 2nd half year result will be better. "Expect" means some uncertainty factor in.
bpplas have a good fundamental and net cash. result sure will improve in future. but coming qr result maybe even worse. who believe can buy now. personally, i will observe a while.
referring to Patrick13's news. Harvey typhoon hits Texas US Resin production factories. This causes resin prices to increased due to low supply. this will impact negatively towards BPPLAS
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Bought some and keep in freezer.