Saturday, November 24, 2012

Etika FY12 earning down 23.8 per cent

You can read more about their results here and here. This stock forms the biggest part of my portfolio. Ever since the stock announced a bonus issue, its share price has been on the downward trend for a very long time. It has stopped announced new acquisitions but margins are still hurt by volatile raw material prices to the extent it has ventured into the retail F&B business. I know we should not have hope when investing, but I do hope that the stock recovers in its share price.

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