It's probably no coincidence that the shift in the chart trend has been accompanied by:
- Solid performance in 618 sales
- NZ IF exports from Lyttleton port (Synlait Dunsandel) to China trending up
- Large increase in MBS store count & China label marketing campaign underway
- Improved daigou pricing and newer inventory hitting shelves
- Slight improvement of the NZD to USD exchange rate (though this didn't last long).
- Chinese population/birth policy relaxation
People may debate any one of these points but in the aggregate the picture looks more positive to me going forward. I am fairly happy to adjust my sentiment to "buy" on both the chart and signs such as these of a turnaround.
Chart Update, page-21103
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Last
$7.14 |
Change
0.090(1.28%) |
Mkt cap ! $5.161B | |||
| Open | High | Low | Value | Volume |
| $7.02 | $7.24 | $7.02 | $16.45M | 2.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 21447 | $7.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.15 | 500 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |