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In 2023 spend millions in new machinery in Indonesia and new facility in Thailand. Unfortunately, sales have been pretty much flat in those countries. That is concerning to me.
I have sold off my holdings with the recent price increase as my target was reached. Will look at their next Qtr results to decide whether to go in or not. At the current price, I think it is too risky to go in.
Congrats Balvinder. May go find other undervalued stock. I have been trapped here for a few years. So, put all my hope on the spunlace machine will boost up the sales. Finger crossed.