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I maintain my "Bullish" rating on Hong Kong-listed Asian hygiene company Vinda International Holdings Limited (VDAHF) (VDAHY) [3331:HK]. Favorable tailwinds such as low wood pulp prices and a growth in revenue contribution from premium products have persisted. The key downside risks are a spike in wood pulp prices and a potential disruption to its manufacturing operations due to the Wuhan coronavirus.
Please refer to my initiation article on Vinda International published on July 26, 2019, and my prior update on the stock published on November 6, 2019, for more