Ann: Trading Update, page-172

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    The RBC analysts also highlighted possible negative changes in aspirational luxury consumer sentiment due to viral social media posts purportedly offering direct access to luxury Chinese suppliers.

    “Put together, despite CTT's near-term focus on profitability in 4Q, we would expect consensus estimates for EBITDA in 4Q to be likely flat or possibly negative,” RBC analysts wrote.



    This was posted on 29th April in Australian. So wasn't this already expected? Then whats the justification for this steep fall..
 
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