Lucky we are not in Australia then.
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Well said Gregnz.
Over on HC respected poster jzhuang has posted this update on A2 China sales (including an optimistic update showing a 77% increase via export stats ex Lyttleton.) Here's the link.
jzhuang echoes my thoughts that the Daigou decline is a temporary distribution channel shift.
- "The most important thing for me is underlying customer demand is still proven to be very strong. However, rather than believing in full recovery of daigou channel, My hope is on the channel shift in the short term. I'm overall quite optimistic from mid term perspective. The growth story should not stop for at least next a couple of years.
- With continuous strong customer demand and good signs of sales recovery being observed recently, I believe A2MC will achieve higher end of their revenue forecast ($725m - $775m), or even slightly better. We should be able to see a clearer view on AGM day coming in 2 weeks' time."
Of course this is just one opinion. A2 may be down, but it isn't out.
As usual... DYOR and take responsibility for your own decisions.
If his investigation into exports are correct then the 14 low should hold and make a very nice addition to the support levels in this stock and im sure holders will be relieved for the present.
Worth a watch.. an overview and valuation on our beloved a2. A lot of stuff already known to us shareholders but if you learn something new from it your welcome..
https://youtu.be/G4pPuaTog64
Well hello Sharesies punters.:cool: