At that time, BAL also tried to cut out the Daigou and go direct to China and ramped up production. Leading to too much inventory and exodus of daigous over to A2M.
We’ll have to wait and see at AGM - perhaps there is some not too good news coming and it’s getting priced in now.
Just like leading up to Aug presentation, the SP went up. Leading up to CFDA announcement, the SP also went up.
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At that time, BAL also tried to cut out the Daigou and go direct...
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