In terms of the financials, I was surprised that Vmoto had a...

In terms of the financials, I was surprised that Vmoto had a slowdown in sales. Considering that they are selling mopeds and not cars, where the cost isn't a major factor on the buying decision. The current macro environment might be the reason as to why buyers are not purchasing more compared with the covid boom. Regardless, I hope we see a rebound in sales in the last quarter of the year.

My original assumption looks like it could be wrong here as I thought they could grow regardless. In reality it is much harder to grow. However, I maintain my naive optimism and hope they can execute. From a valuation point it seems cheap but it could be a trap.