because Australian local people do not have ‘private network’ in China.
in past few years, Chinese people start to buy a2 milk and other health productions like Blackmore or Swiss, not because those productions are difficult to replace — Chinese people trust their ‘network’.
it’s not easy to explain if you don’t know Chinese culture.
simply conclusion: Daigou will not come back, a2m is still a good company but it’s market cap will keep decreasing until it can be supported by current performance, or the management find new channel to sale.
my opinion is the share price will keep dropping to 4-6 AUD
Management Issues, page-16
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Last
$6.59 |
Change
-0.050(0.75%) |
Mkt cap ! $4.764B | |||
| Open | High | Low | Value | Volume |
| $6.58 | $6.61 | $6.53 | $3.255M | 495.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1837 | $6.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.60 | 5992 | 10 |
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| Last trade - 13.47pm 08/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |