Chinese retail giant JD which started 618 shopping festival 1st - 18th June recorded $29.2 Billion an increase of 26.6% from last year.
https://technode.com/2019/06/19/lowe...ing-promotion/
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Chinese retail giant JD which started 618 shopping festival 1st - 18th June recorded $29.2 Billion an increase of 26.6% from last year.
https://technode.com/2019/06/19/lowe...ing-promotion/
As we get closer to the next likely trading update from ATM (Last year around 12 July,) the tension rises. The negative's have boosted the short holdings which are now at around 5.5%, See it here.
Meanwhile the positive's over in the HC thread are citing anecdotal evidence of A2s internet sales booming in China (I've seen estimates of IF sales increases up 250% on LY is some channels), other anecdotal tales that A2 has restricted its Australia IF sales to the same vols as LY, and is forwarding all it's additional production into China and Asia where it gets higher margins.
Overall I'm picking ATM will report sales above the market expectations of a 40% increase. Will they reach a 50% revenue increase?? Or will the shorts win?? Interesting times ahead.
Looks like a big drop in ASX A2M. Those shorters love to party and are currently making great money
$14 support
https://www.nbr.co.nz/article/analys...er-jr-p-176059
https://www.nbr.co.nz/article/a2-mil...er-jr-p-194197
Behind paywalls. When were these articles written