Ya he did not reply anything to his competitors like gimmell and wingloo which are ahead of him and infact comparing with vietnam and bangladesh which everybody knows will not be able to compete.
I consider that waiting or timing the dollar price is totally foolish thing to do ( you are waiting for 3% gain and giving 8% of short term loans…makes no sense ) how can a business man can do this?
We need to think why he is doing so, what could be the reason?
TPP : Still did not understand and I think we should dig deeper on the implification of this treaty, he sounded confident on that ( I need to check what actually it is, does this treaty really a threat ) then all our textile exporting company will be in threat i.e indocount, nandan denim to name few.
Brand development : I think he knows brand building is very difficult and costly affair and not safe for this size of company, so he has started with brand licensing and along with that developing own brand which can share the shelf in the stores with other brands ( retailers for whom he is manufacturing and doing business for such a long time and having good relations )….my thoughts ( could be not convincing )
Even if they are able to achieve sales of 50 – 100 million dollars for own brand it can be a terrific addition to the bottomline.
I would still give benefit of doubt to Kitex because they are in wonderful business, corporate goverance is a issue ( need to be very vigilant on this issue for every action taken by management )
Disc : Invested
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