The product caters to the chemical, dyes and pigments and pharmaceutical sector.
Fundamental reasons to buy :
1. Last year the Chinese government forced to reduce the manufacturing of complex chemicals. Less competition. The terrific result last quarter.
2. The company gets the raw material and manufacturing locally. So, no issue from the corona virus.
3. Well positioned to fulfill the demand of global customers. Most of manufacturing units of the Chinese government is affected by the corona virus.
The stock doubled in the last 6 months. I have added on each dip.
Note: Avoid adding at the current position.
Fundamental reasons to buy :
1. Last year the Chinese government forced to reduce the manufacturing of complex chemicals. Less competition. The terrific result last quarter.
2. The company gets the raw material and manufacturing locally. So, no issue from the corona virus.
3. Well positioned to fulfill the demand of global customers. Most of manufacturing units of the Chinese government is affected by the corona virus.
The stock doubled in the last 6 months. I have added on each dip.
Note: Avoid adding at the current position.