Ann: SMA Launches Billing for New Lottery Offering in China-SMA.AX, page-30

I fully agree the "general panic"

new tax regime on luxury imports

Point is SMA is not importing anything, it is providing services in China not to China. The general panic is IMO and my actions a buying opportunity pre the Q3 report due out in about two weeks. Many in"the market is factoring in the risk nonetheless" gave some of us shares at a bargain. I thought the price of BAL. A2M and Blackmores were in a huge bubble just waiting for a correction to occur. Got that one right at least and profited from it nicely. I do not see a bubble in SMA I see great value being created. Will be looking at the price more closely today. If panic sets in again I will be happy to take some profits on other stocks to grab some more.

As far as I know none of the business actually affected by the change in import rules on luxury goods into China are SMA customers are they?

This is of course only my opinion. Make your own choices