yes and no, the idea is that as more Chinese come out of being rice farmers that exports will increase to middle/upper class that eventuate. It’s a long term play and presents some value and upside. No way I’d have bought this stock >$13, let alone $19 on present and forward earnings. Albeit I didn’t sell my demerger shares.
Short term double whammy here. USA decline hitting earnings and China’s corona virus. Not saying this won’t go lower, so will stagger buys. If Coronavirus is as bad as the doom prophet websites say then all stocks are expensive and we will go into a real recession and global health scare. I don’t believe it though.
TWE Price at posting:
$11.97 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)