I think it dropped because of the line - "Assume FY21 outlook with significant recovery from daigou sales"
Market don't like a2 making the same wrong assumption for their guidance based off daigou sales, expecting "significant" recovery to achieve that guidance.
They could have removed that line if they're confident on hitting $1.4b , and avoiding all this gap down / sell offs to 8 that destroys the market sentiment further.
A2M Price at posting:
$9.09 Sentiment: None Disclosure: Held
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