Attachment 12982
This is the monthly chart of BDI index, it is at 4304 point today. The trend shows the price no way turnaround in the near term.
The index reached 11800 peak in 2008. This time we are in a 15 years business cycle with a historical high coming inflation rate.
The fragile corporate daigou channel may have another major shakeup due to the rocket shipping cost. This challenges A2 management English label price stabilization strategy. It is not feasible without given any details.
When A2 no longer a growth company, it should be categorized as a commodity company and we should revisit valuation practice through the business cycle. The worst time is not coming towards A2 yet.