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Edward's avatar

Do you have any idea what other income in the income statements is? It's fairly significant - 97.4 billion Rupiah in 2020.

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BlackCat's avatar

You seem to like milk a lot....might want to check out Greatview Aseptic Packaging: milk packaging in China, a cheaper version of tetra pak. Trading around a projected PE of 12. Jardine and Mengniu own some. Net cash, high dividend, low (medium?) growth.

Idea is from: http://www.globalstockpicking.com/category/greatview-aseptic/

Raw materials is 90% of COGS, so they are susceptible to inflation:

https://greatviewpack.com/site/assets/files/1405/e00468_3.pdf

If we expect to see inflation 'spikes' over the next decade, the main question would be how soon they are able to pass on raw material costs every time this happens.

I don't know the industry: the competition & barriers to entry.

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