⚠️ Straco Corp’s revenue and margins are still suffering due to the economic situation in China.
📈 The Singapore parks have recovered, but China’s aquatic parks and oceanariums have not.
⏳ Recovery depends on optimism returning to Asian markets and increased demand in Chinese parks.
@Academiadeinversion:
“Everything has returned to normal, but in the business itself, China, with how the economic evolution is suffering, still has a way to go. If we look at the income and the margins, it is still suffering quite a bit. In Singapore, it has recovered, but in the aquatic parks or oceanariums, the margins have not. I don’t think it is related to interest rates or the dividend. I think one of the keys is for the capital to return to the Chinese markets. Optimism has to return to the Asian markets, and the demand in these parks in China has to recover, especially in Singapore, which has recovered.”
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