Wetouch Technology Inc (WETH)

[Welcome2Pinkyland]

Today I reviewed WeTouch’s SEC filing for the 3rd q. 2020 - #’s already back to pre COVID 19 2nd q. shut down #’s. 3rd q -> $12m revenue and profit came in higher than 2019 3rd q. $4.7m -pretty good.

With these continued profit #’s 2021 EPS could easily be over $.65 - puts the pps estimation as high as $19.35

Maybe a move to Nasdaq is in $WETH’s future. All is possible in pinkyland.

For now my pps target is $8 to $10 in the 1st q. of 2021. Let’s see if the profits stays at $5m a quarter- then I will raise my target accordingly.

if they mention Nasdaq, or if revenue and profits grow then so will my pps targets- which is good. Not here for beer.

Cash and cash equivalents at the end of 3q. $19.3m

https://www.otcmarkets.com/filing/html?id=14556704&guid=KgBqUp9g9uPYt3h#FORM10-12GA_HTM_G_002