Daigou corporate channel has gone. reseller market collapsed.
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Daigou corporate channel has gone. reseller market collapsed.
https://www.bloomberg.com/news/artic...ed-by-pandemic
The pandemic has changed the daigou market - irreversibly.
Thanks JT, can you provide a source for your info?
FWIW last firm data I saw was IF exports ex Lyttleton to May 21 up 30% as below;
Attachment 12781
Agree totally. Been in KFL since day one.
They have a history of falling totally in love with a 'high conviction' holding and the become reluctant to divorce when things turn sour. I've seen this again and again and it's the holders who suffer while the management team get rewarded for the historical upside bonus.
The team need to harden up. Hope they're reading....
Interesting. I seem to recall some investors on here saying their holding of ATM via their Kingfisher funds was a 'safe proxy holding'.
Meanwhile some little minnow non Kingfisher shareholders have been able to reduce their holdings, realise profits and 'freehold' or de-risk their remaining ATM holdings. The learning for me - best to control your own destiny.
Anyways, that aside today a RNZ commentator was saying the recent sell-off of ATM was a result of changes in Chinese regulations which are having the result of returning Chinese capital 'home'. This article sums up his comments.