To meet FY16 forecast BAL needs every month Jan to June to be higher than previous sequentially, and if Feb was indeed hit by CNY slowdown you expect March to be much stronger than Jan to make up for it, and that has yet to be seen on TMALL channel
BAL is now on average 2:1 with A2m and it was 4:1 prior to Jan
No doubt BAL is still flying but TMALL doesn't show me that, and no doubt if we are on track for FY16 upper guidance and FY17 following FY16 trend the co is undervalued, that's why management should remove the doubt and post quarterly updates, unaudited
BAL Price at posting:
$10.05 Sentiment: None Disclosure: Not Held
