As I mentioned yesterday, there will be some analysts who will want to save face despite facts. Looks like he is twisting the data from yesterday to fit his narrative. GL to anyone who actually pay these guys for investment advice.
For anyone who likes statistical methodology, Sam Teeger's calls on A2M are inversely correlated to the SP.Citi rates A2M as Sell (5) -
Momentum remains strong although Citi reiterates a Sell rating, based on optimistic margin expectations for FY21 and beyond. The broker believes these expectations do not reflect the impact of the increased investment required to drive sales growth in China.
Moreover, competition is a risk, with multiple players entering the market. The company has revealed its direct China channels are expected to grow faster than the daigou channel.
Margin guidance for the first half has been raised to 32% from 31%, because of the delay to marketing expenditure. Citi's target is raised to $12.30 from $12.20.
Media Updates, page-3433
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Last
$6.88 |
Change
0.000(0.00%) |
Mkt cap ! $4.973B | |||
| Open | High | Low | Value | Volume |
| $6.90 | $6.90 | $6.80 | $7.266M | 1.060M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12501 | $6.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.88 | 33092 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |