Johann Christoph Michalski is the chief executive officer (CEO) of Vinda International Holdings Limited (HKG: 3331). Vinda International is a major hygiene company and a key toilet paper supplier in China. He was incredulous when word started spreading on social media in early February that toilet paper was about to run out in Hong Kong. In an interview with the South China Morning Post, Michalski said that whatever shortage reported at the shops were “actually created by panic buying”. The ability of the industry to produce the products is not affected. 

The panic hoarding of toilet paper goes some ways to explain why Vinda’s shares have soared 45.6% this year on the Hong Kong stock exchange. However, as rational investors, we should temper the excitement and assess if the company is worth an investment now. 

(Source: Google Finance)

Business Overview

Vinda is a major hygiene company in Asia. The company was founded in 1985