the market for ABS and SAN is mainly split between Styrolution and Bhansali Engineering Polymers (BEP).
BEP came out with its quarterly results yesterday, which has shown operating profit jump more than 100%. Best of all, operating margin jumped from 1.88% to 6.44% yoy.
If Styrolution can mirror the same results , we can see a repeat of the 1st quarter performance here. This will give us an EPS of ~ 20 for 6m.
Also, traditionally September has been a strong quarter for the company.
Lets wait and watch.
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