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Fabric business are not doing good in pandemic period and mask is selling at a very poor price so the coming quarter will be worst. I don’t think it will be PE2 in few coming qtr
Did you know what the type of fabric mask they do and quality, and their marketing ? Let's see...... Fabric business will affecting by pandemic, but is this industry recovery stock ?
with fda approval on 0211 and ce 0812, Jan quarter will perform better and I was told that demand from US is strong now especially after biden ask to mask up. Just sentiment not there. Patient is the gold of investing. Dicky are you sure the result is poor?
ASP drop but if selling volume increase in US and EU. QR can still be better than last quarter. People will still wear mask even though they are vaccinated. So mask is still a must in the next 1-2 year until covid is completely gone.
The only thing is the competitiveness of mask business. Too many brands outside and Prolexus really have to get a strong marketing team to win more market share.