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SENASTE
Redeye is surprised to see the strong recovery in gross margins in Q3. Bong has obviously been successful in raising its prices to compensate for higher raw material costs. Despite turbulent market conditions, Bong posted stronger earnings than we have seen in many years. The outlook is still uncertain, but we are gaining more confident that Bong is able to manage the rocky ride. We will most likely make some positive adjustments to our forecasts.
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