good thing of the logistic issue is 1) it is across the board...

good thing of the logistic issue is

1) it is across the board and do not affect A2 only
2) it is only a temporary issue.

So I would think it would not require a TH.

The guidance was 1,8- 1,9 B with 1H range of $725 million to $775 million. This is a massive stretch assuming 2H revenues up 48%

	1 H	FY21	2H	up vs 1H
1	725	1800	1075	48%
2	775	1900	1125	45%

I reckon set this target was a bit naive and based on the "hope" that things will improve for daigou in teh short term.

say for example "best case" 1H is confirmed and 2H will be flat total Revenue will be $ 1,45 B or 20% lower.

So the real question here is: was the market already weighing last guidance AS high risk ? if it is a yes then SP will not get the full hit of the P/E rerating...