Cant really blame Citi.
Our management stated in the last guidance Daigu trade will improve in this quarter, the muppets.... Do you see 1,000,000 chinese tourist visiting Australia every month in the near future (pre-covid numbers) or 300,000 students returning?
Chinese people in the majoirty who buy from official A2M channels don't buy from Daigu.
The Daigu channel is primarily used by chinese people who can't afford to pay the RRP in China.
And the million tourist numbers are important as they buy few can each for gifts when returning.
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Open | High | Low | Value | Volume |
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---|---|---|
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6 | 14769 | 5.640 |
2 | 5050 | 5.630 |
5 | 27312 | 5.620 |
9 | 67831 | 5.610 |
Price($) | Vol. | No. |
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5.660 | 14100 | 2 |
5.670 | 2841 | 1 |
5.680 | 8786 | 3 |
5.690 | 8169 | 2 |
5.700 | 90146 | 7 |
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