I find Goldman’s recommendations hard to digest. They would...

I find Goldman’s recommendations hard to digest. They would change their target price in a short time, when business fundamentals remain the same. Just because QoQ sales slowed for one season, they would conclude usage rates are “maturing”.

Please be reminded that APT is targeting millennials (not the people on central link benefits as some of us are talking about). They have taken up just 25% of online users in the fashion category, and only 0.4% in Australian retail sector. IMO, APT’s journey has just begun, far from “maturing”.