Thanks Kosy for the quick update. Yes it was a nice rebound for August.
Breakdowns:
Overall:
If we looked back at same period last year - it's actually similar pattern - mediocre numbers for Q1 then speeded up through to the end of the year.
Well I'm almost pretty sure September data this year will be another extraordinary one from PCP growth perspective given:
- Last September was 2478 MT which was second lowest monthly output after August.
- Online sales have been EXTREMELY strong in China over last a couple of months (JD. Tmall etc), so output needs to keep up to fill the orders
- we've observed better stocks in Australian super markets than same period last year. Still flows very fast but much less shortage on the shelves.
Gross margin will be lower as being advised by the company due to escalated cost, HOWEVER, it's likely the sales growth for 4M20 will beat consensus by a mile as a result of the extra market spending.
http://news.jstv.com/a/20190410/1554864577280.shtml
google translate to see what it is if you are keen.
A2M is f****** buy buy buy at these levels imfao - do your own research of course - I'm not licensed to give F****C*** advice.
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