Hi Muz. I found this excerpt particularly note worthy from your link.
” In carbon anode materials for lithium-ion battery (LiB), operating income was lower than targeted due to tougher price competition with raw material costs increase and emerging of rival manufacturersin China. In formulating the 2021 Medium-term Management Plan, management has drawn up strategic policies in reaction to these changes in the external management conditions, and is aggressively advancing initiatives to expand business.”
Let’s hope they are aggressively advancing initiatives with Anteo. Fingers crossed.
ADO Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
