Daigou chain and China trade war certainly dampens enthusiasm for the stock. That is why I like their US engagement.
A forward PE of above 30 would imply a NPAT per share of below 44 cents (at a SP of $13.08). REALLY? I am sure that A2M will manage better than that for FY21. One can make your own estimations from the guidance given by management.
No one knows, certainly not Bell Potter, where the NZD / USD exchange is going to go. To assume that the current trend would be a multiyear process is too far stretched, in my opinion. Short term fluctuations need to be ignored, or interpreted as opportunities. Also, who knows what hedges are in place. Only in the long term, FX hedges do not protect.
A2M generates that much cash, it should not go much lower.
Bell Potter more conjecture assertion and bs! Analysts they are not!, page-17
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Last
$6.58 |
Change
-0.060(0.90%) |
Mkt cap ! $4.756B | |||
| Open | High | Low | Value | Volume |
| $6.58 | $6.61 | $6.53 | $10.64M | 1.619M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7112 | $6.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.59 | 9690 | 1 |
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| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |