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But TGUAN is still a net cash company. I mean if their borrowing is for capex purposes, why not? As long as the profit is growing, cash flow is healthy and dividends are given to shareholders then I think TGUAN is on the right track.
By looking at the results from BPPLAS today, it seems that the demand of plastic packaging is still increasing and the qoq profit increases 66%. It means the resin price was lower during the past three months but the demand of plastic packaging is still there. Looks like TGUAN is going to do really well this time.
