Yesterday, it had released its latest quarter which saw a drop in revenue due to lower demand from Tobacco industry.
Its share price had a massive gap down today
Key question is whether the demand from the tobacco industry continues to weaken. Management anticipates “reasonable” performance for the year ahead. Sounds neutral?
What are other possible bright spots with this counter?
Balance sheet is relatively clean (minimal gearing) and close to 50% in asset comprised of cash. Share price is way below its NA per share.
Well managed working capital and no significant cash outflow relating to capex.
This post is not an investment advice or endorsement. Please refer to general disclaimer of this blog.