A2M is still profitable. As long as profit is there they can pursue any strategy they want without impacting the bank balance - whether we agree with the strategy or not is a different issue.
The profit is roughly around 2% of the MC in a pandemic situation. Any invetment house will be on alert - doesn't need to be a T/O by the Chinese. I am thinking US or Japan.
What I dont understand is why can't the existing chinese students continue Daigou operation? It is probably due to my lack of knowledge.
Ann: Trading update and revised FY21 outlook, page-235
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Last
$6.48 |
Change
-0.110(1.67%) |
Mkt cap ! $4.684B | |||
| Open | High | Low | Value | Volume |
| $6.59 | $6.64 | $6.41 | $25.96M | 4.015M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 103592 | $6.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.48 | 48180 | 4 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| A2M (ASX) Chart |