Tat Seng Packaging Group ("Tat Seng") designs, manufactures, and sells corrugated paper packaging products such as corrugated boards and cartons for the packaging of electronics and electrical, food, pharmaceutical and other products according to customers' specifications. (bloomberg description)Tat Seng's price has risen from 23 cents to a 52-week high of 34.5 cents before closing at 33.5 cents last friday.
An impressive 46% return in a year. Can it go higher?
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| Tat Seng 52 week price chart. Source: Bloomberg app |
How does Tat Seng make Money?A substantial portion of Tat Seng's business is in China.
The focus on China makes sense:
- China market is huge
- China had a cheap manufacturing base (may change in time to come)
- Tat Seng's targeted Chinese customers tend to be more domestic-oriented (so the demand is less affected by global demand)
