Thanks for all the kind comments. It's my pleasure to share as much as I have learnt using as much free time I have.
Great writing. Pls keep the writing coming. I'm constantly coming back to this blog to check for more writeup
like your style of writing!
The problem with S-chips is that they make one think that they have found a whole packet of un-smoked cigarettes.
Thanks for this article on Aampak! Helped us a lot on our project.
impressive! certainly informative.
Check out my article at nextinsight.com.sg, a well-known investment website
Thanks for the kind comments!
hi Joe, congrats on the Adampak exclusive writeup. Can u contact me at mail pls? H
Thanks Joe, am learning from you for investment ideas!
Thanks for the comments. Valid points about certain things I may have overlooked.
Main factor for lower margin for Adampak --- depreciating USD against SGD and Asia currencies which is why GP increased by 31% while NP decreased by4%
It is unlikely that Adampak has more than 3 mths of raw material at any one time --- 1H2008 COS = $19.7M. 1H2008 inventories = $7.2M
Very good writeup on Adampak...especially the review of competitors.
Thanks for pointing it out! I made the corrections.