APT to get to the same earnings would have to grow it 2022 earnings by a compounded 60% for the 2022-2029.
So you are saying that to get to the same earnings as EBay by 2029, APT needs to slow its Yoy growth from 113%-150% down to 60% (Using the table you provided). Looks doable on the face of it to me, especially as APT has EU and SEA on the horizon, not to mention that USA is not yet the "mature" market that ANZ is, and is a number of years off that mark.
Where might Amazon and Ebay expand to? APT has a long way to go to achieve the global reach of these companies. Holders and buyers are actually making the assumption that management will continue to successfully execute the business plan as they have done in the past. All seems reasonable to me, but perhaps I am missing something??
