Indeed. And further upside over the medium term is feasible as average pearl size and quality continue to recover, and pricing further benefits from the company’s efforts to grow their online wholesale customer base, making competition for their pearls more intense. So there is not only the possibility of a short-term rerating of the share price, but continued reratings over time. Especially once a dividend is reinstated.
ATP Price at posting:
3.5¢ Sentiment: Buy Disclosure: Held
