PR prices dropped last night 2.5 RMB / KG, 0.8% first drop in about a month. It started droppingabout 2 months ago and has fallen from 316 RMB KG to 309 RMB / KG about 2%. What is particularly troublesome about thisis history January - Sept 2017 had a very good rise then fell apartin October which started the major down trend we are in to day. Last year Jan - March prices rose nicely then started falling to today’s prices, yes there were a few small pops during that period but nothing that lasted. When sell pricesgo down revenue and EPS go down. I firmly believe that the EPS is what will control the SP for next 6 to 12 months and nothing in Malaysia will have any long term impact.
two posts to think about.
Post #: 37317003
Post #: 37478180
PR prices dropped last night 2.5 RMB / KG, 0.8% first drop in...
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