Appen has 4 branches in the best cities of China, the amount of orders going skyrocketing for July and August, they employed more and more staff because this is Chinese’a hope to get to next level in world stage. They would have sacked staff if business there is not so promising as other companies are doing during Covid hardship. Given the high wages in those cities there should be a few hundred millions order this financial year. We are not looking at expanding business at this stage, but the support towards next 12 months is crucial till corp spending back to normal.BTW for non holders keep posting and insulting others, they only hope to down ramp and buy back cheaper. Their constant comments have no real power to the stock if they cannot short, but to shake the belief of holders and wish they will sell. It looks like the selling has been eased this week, hopefully market will prove who is correct.
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8 | 94141 | 1.960 |
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