Thank you for the idea and information. I used to shop at Magson in the past; their products have good quality, and they generally sell in bulk quantities. Therefore, we can anticipate high margins, although it may not be suitable for the mass market. Hence, revenue growth is expected to be reasonable. Two consecutive fiscal year growth figures may be indicative which is much lower than anticipated.
Deeper analysis of the annual report, it reveals significant related-party transactions. For instance, someone’s brother is employed within the company, and there are also purchases from related parties. This appears to be an issue that requires close monitoring going forward.
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