Rather than predicting a big movement in Feb VB, we can understand yesterday’s weird announcement if we accept that they think only next month’s GC. From there, we are able to start our discussion again. Not quarterly movement any more, monthly by monthly…movement for FAD & DOF.
They moved FAD up to March 31st in January. It means for me that they will clean up all inventories till March 31st by end of January, 2025. Again, it means they will have only 4, 5, 6, 7 of 2023 inventories from February….No matter how much it is.
If they think there are no more inventories up to March 31st, then they need to move forward with FAD. As for DOF, they will decide if they need to get more applications or not at that time.
I assume that DOF will move forward along with FAD. Just amateur’s analysis. Thanks!
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Yeah! That is what I am also expecting! Thanks for sharing quantitative insights