$九天化工(C8R.SG)$heard the outgoing chairman say in today AGM the storm will take 2 years before it gets better....maybe can come back in 2 years time to see if worth buying then
MiltonWong楼主AnaiAnai:
oversupply, chemicals companies all losing money....only way to survive i believe is to internally acquire each other, and have a series of M&A activities
MiltonWong楼主AnaiAnai:
trying to outdo each other by slashing prices, and gaining market share and squeezing each other to bankruptcy is not game theory optimal from a prisoners dilemma perspective