A2M, page-40

It’s Citi , not CBA , reducing the holding if you read the change of holding. CBA is just the custodian. Citi & his yank mate Northern Trust has been dumping the shares to drive the sentiment down to profit from 25/02 ( Possibly to cover the shorts and drive fear ) . And guess what it still keeps about 5% overall holding , long term holder it is . I’m quite disgusted by Citi , ram the stock up from $14 to $20 early last year all rosy , and seeing a headwind in Daigou as great opportunity to short / downramp , immediately issue bear warnings to capture fear. I think there is a tug of war going between Citi and Morgan Stanley /UBS. And I think it’s coming to a close as the PE even with the worst forecast is below quite a few recent market buy action in the sector and there is more to gain for a SP recovery than damning the SP down a $1 further.