They were quoted in their last update that they are inline with revised guidance so under continuous disclosure obligations they really can't wait to August report to change this.
The one thing that everyone seems to be missing is that Diagou channel hasn't deteriorated because Chinese have stopped buying A2M product - its deteriorated because COVID-19 and governments around the world have shut down travel which subsequently has limited access and supply of these products. I don't think A2 will be worried about local chinese competitors as they will never be able to compete with Australia's clean image. I think the risk is other western countries may get an opportunity to get into the Chinese market as their borders open up faster than ANZ.
It took A2M a couple of years to get the chinese business going and it will be about 12 months on opening however, with their focus on US market they don't have to go back to 100% of where they were pre COVID if US covers the gap.
On that basis and at theses levels, its a good price for anyone who has a 2-5yr view on the stock IMO.
Upgrade, page-104
Add A2M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.87 | $6.78 | $8.532M | 1.250M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2151 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 27162 | 5 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |