what is wrong, page-114

I simply compared A2M with BAL:

1.Market cap are $7.8B & $1.6B. Difference is 4.88X.

2.A2M has NPAT 197M ( assume 1H2018 & 2H2018 are same). BAL has NPAT 44.9M (Goldman Saches latest report). Difference is 4.38X

3. On the revenue side A2M is 834M and BAL is 329.3M, Difference is only 2.53X

From the above figure BAL is absolute undervalue ATM, BAL was working on its logistic & distribution that hopefully will lift up the profit more.

Lucky picked up 20,000 CFD at $14.1 this morning and unloaded at $14.4 to make $6000 quick money.

Will be back in and load up more later when it drops back to $14.1 , with price target $15.75, reason for this A2M's NPAT is 4.38X of BAL, for match, therefore its market cap should be 4.38X, that gives BAL with market cap $1.78B with SP $15.75.

I am not in this for long term until CFDA is stamped.

DYOR