If we follow the issue of seasonality, FY20Q1 and FY20Q2 should be their worst quarters, and while the final result remains to be seen, from the latest 4C, cash receipts at least has continued to increase in FY20Q1, implying revenue has continued to trend upward.
Hence if we're going to agree over the issue of seasonality, then FY20Q3 and FY20Q4, which seasonally are the best seasons for mattress sales will be even better. So is it management being disingenuous?
If we follow the issue of seasonality, FY20Q1 and FY20Q2 should...
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