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Back in November when the Q3-22 results was released the sentiment was bleak and nobody expected Q4-22 to be better. The sp went down and got stuck in the bargain basement and is definitely not reflective of what Management believes the underlying fundamentals are. The “bad-feeling-about-Q4 results” must have already been baked into the sp. And yet we start 2023 with a good momentum even without a positive NR. I for one think that the Q4 Results NR is better than previously expected. It is even likely that we will beat the analyst consensus Revenue forecast. And if we could get an 8% net profit margin we could also meet the analyst EPS consensus for 2022. My take is that the current drop in sp is only temporary. There is no gloom and doom and no mass exit but just manipulators taking advantage of the situation to mess with our stock. A recovery back to the double-digit territory in Q2-23 is still what I expect for the sp, but it’s just me.
My 2-cts
DYODD
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