When you look at Tomypak 2023 performance, don't be misled by the high profits. This was due to a one-off insurance claims. Excluding these, on an operating level, its past decade returns is just abou the same as those of my reference packaging companies - New Toyo and Canone. I would not be excited by this stock from a fundamental perspective. For details of New Toyo https://www.i4value.asia/2022/03/has-new-toyo-move-beyond-being-cigar.html#more