Covid lockdowns are not good for baby production contrary to popular belief. Country after country has proved this.
Sentiment against stock is pretty negative given the econmic environment prevailing in China at present.
However buyback will keep prices maintained is my best guess.
Not all bad news of course. THe lifting of restrictions in China, granting of SAMR, a lift of US infant formualt, law suit settlement or dismissal, are four key factors that can send the prices rising.
I surmise things will not go to $10 until all four happen! This will probably occur middle of year next year...
A2M Price at posting:
$6.24 Sentiment: Buy Disclosure: Held
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