Why is it a big drop?
It is because in Feb, they annouced the expected Revenue of $1.4b and not just $1.2b. But worst is earning margin, down from 24% to 11%. So effectively the profit downgrade from $336m to $132, a drop of 60%!
Crazy hopeless company.
I gave up and jumped.
I spent a lof of time talking to their investor relationship team (David and Rebeeca) in the past, pushing for share back-back. Now they just "considering". Hopeless!
Booked a big loss today but can offset my other capital gains.
Moved on.
Lesson learnt.
Have to stick to my investment rules next time.
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