I think this set of results is borderline acceptable. At this point, I will not be selling any at current price based on current information and my initial analysis of the results. I will talk about the negatives first 1 thing that definitely shock me was how their performance was in August and September.
Total equity has increased only 11 million from End July to End September. This made me wonder if they earned 11 million only in 2 months while making 57 million from End March to End July (Based on previous post analysis). On this end, i am negatively shocked actually. Perhaps if i have the chance to ask about this, i would. I wonder if start-up cost of Indonesia Factory might have affected results but on the surface, when comparing 1H…