To me the most telling section of the announcement today..
Over an extensive period of time preceding the execution of the contract, Walmart China has completed extensive compliance and quality audits on Keytone Dairy’s facilities in Christchurch, New Zealand, demonstrating Walmart China’s commitment to the relationship with Keytone Dairy as its contract manufacturer. Keytone Dairy has passed the rigorous audits in order to qualify for the supply arrangement and is pleased to have met Walmart China’s quality and production standards.
A company of this size and reputation does not take short cuts with DD , an awesome supply agreement , one of many imo.
Other companies will now look at KTD because of this contract with Walmart China.
The market will see how positive this is going forward.
KTD Price at posting:
63.0¢ Sentiment: Hold Disclosure: Held