Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-64

Seuss, you’re back again to miss the Forrest though the trees!

Look, I welcome robust fact-checking, but my 40cent target isn’t pulled from thin air; it’s based on a scenario where even capturing a modest slice of China’s premium formula market yields robust margins.

Instead of insisting I spoon-feed you every figure, why not dive back into the data yourself? I gave you a clean and simple breakdown of what is needed for 40c… what don’t you understand? It has to be you don’t understand 1. Revenue 2. Net margins 3. P/E… Let me know, I can help you.

I’ll try make this as simple as possible, maybe this time you’ll understand. The key is this: the old model’s failure was in its over-reliance on low-margin fresh milk, and the new management is pivoting to a high margin, diversified market strategy. If you insist the new team will repeat past mistakes, then you’re cherry-picking one quarter’s performance instead of looking at the broader transformation.

So, if you’re set on dismissing the entire strategy without doing your own homework, that’s on you. I’m all for debate, but let’s stick to the facts rather than endless nitpicking. Cheers!