Originally Posted by
Rawz
Lots has changed from 6 months ago thou? The way I see it- the CBEC channel and MBS should have seen much larger increases to offset the decline in daigou. As those with infants know you do all you can to keep them on the same formula. So if your baby is on ATM brand and you can't obtain it via daigou you go to the other channels.
Instead CBEC is noted as below their expectation post 11/11 and MBS up 40%??? Would have expected much much higher to compensate. And it's entirely possible management expected the CBEC and MBS channels to pick up the slack from the decline in daigou and that's why they kept their guidance for so long. Waiting for the numbers to climb... but they never did.
So I see it as a brand switch. To karicare (or whatever), but more likely to Chinese home brand.
It's not the end of the world. They are still a great company and will bounce back in 1,2, ? years. I sold because I think the share price will continue to drop to bring the P/E closer to 20 and then go sideways from there. I don't see the point in holding for this period? Take the money and top up on HGH, EBOS, HLG, TRA, KIP and a few others.. just my opinion (which comes with little experience I must admit)