- Ciner Resources was heavily impacted by the Covid-19 pandemic and its resulting economic downturn.
- Thankfully, they finally saw clear signs of a recovery during the second quarter of 2021, as was expected by my previous analysis.
- Whilst this sounds bullish, sadly there are dark clouds on the horizon that could already detail their fragile recovery just as it starts.
- It has been very concerning to see new Covid-19 cases soar across the United States during the last few months, which paints a concerning outlook.
- Due to these mounting risks of another Covid-19 wave impacting performance, I believe that downgrading to a neutral rating is now appropriate.
For further details see:
Ciner Resources: Dark Clouds Could Already Derail Their Fragile Recovery