That line makes no sense, I agree, I don't know why its included. They achieved $677m HY with basically nil retail or corporate Daigou, and lockdowns in all of their main markets including China. And they now say corporate daigou is showing green shoots of recovery. Makes no sense that they would need a significant recovery of daigou, if merely taking HY (achieved during the worst of Covid) and doubling it, gets them very close to achieving their FY guidance.
A2M Price at posting:
$9.09 Sentiment: Buy Disclosure: Held
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