Posted by Goldberg > 2020-06-12 22:47 | Report Abuse

Many thanks for the impressive writeup allbeit a tad conservative. Your 2 cents certainly worth a million.

Posted by mytwocents > 2020-06-12 23:32 | Report Abuse

Thanks bro. It may be conservative in terms of the ASP, but I couldn't be sure about the very optimistic ASP the analyst been reporting in recent reports with up to 3 times its previous selling price (75 dollar from 25 dollar or so). Sanity checks on various foreign market places indicate higher ASP, but not consistently as high as the 3 times cited by say CIMB CGS analyst report. Rightly or wrongly, I am thinking the 75 dollar per 1000 pieces ASP could apply to just selective sales channel but not across the board.

Therefore taking a conservative approach to keep updating the TP as we get more guidance/visibility from result announcement etc. )