Chart Update, page-18769

Morgan Stanley’s 5m put option at $7.88 expires on 15/04 . A temp bottom has already formed around $7.7- 7.8 and there is no reason why $7.88 cannot be heavily contested next week. Whoever sold the put to Morgan will defend $7.88 . This will also give time to Citi to cover their shorts ( Citi target $7.15) . After all this potential flurry of activities , we’ll be close to quarterly. My rear has on my local Daigou shop seems to match what a few other posters street level research. A 50% volume on A2 at Daigou level. Using 2H 2020 as yardstick that gives you a ANZ IF revenue of 200m comparable to 1H 2021 .This expectation plus a fast expansion and revenue increase in China and a CEBC in recovery from logistic delay and plus a break even US result , I cannot see why $ 1.4b forecast cannot be met.

Above is my educated guess at best but let’s see how it plays out next week.