Have you studied ATP's financials & annual reports for the past few years? EBITDA margin of 54% as seen in 2024 is unlikely to be the same for 2025 because 1H 2024 was an exception when pearl price was abnormally high. Management has said this many times. (I hope they'll achieve 54% EBITDA margin).
However if they manage to sell a lot more outside auction at high price, their margin will improve compared to 2H 2024.
ATP Price at posting:
14.8¢ Sentiment: Hold Disclosure: Held
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