according to chinese customs baby formula imports are up 33 per cent this year and the value of imports up 44 per cent when compared to the corresponding period last year.
This number does not include the sneaky imports via couriers using airplanes. ie mum and dad taking in six cans etc.
Likewise the price rises and further economies of scale should see bal smash half year results.
Just keep accumulating is the best strategy with bal. buying ands selling has capital gains issues and is frought with danger as it just takes off
BAL Price at posting:
$10.80 Sentiment: Buy Disclosure: Held
