"Morgan's analysts remain cautiously upbeat...........Following the disappointing update......We expect earnings to resume in FY18......Despite some short term disruption, China still remains a big opportunity for Bellamy's given it is currently stocked in less than 5% of its potential distribution points........
Remember the new 2 baby rule in China only commenced 1st Jan. 2016, just imagine the growth potential in sales for both Bellamy's and A2M.
To me this is a "Buy now, Hold and Watch it grow stock for the next 3 years"....my hold date target is Feb. 2020.....3 years and 2 months away, IMO the SP will be rocketing over $30 by that stage.....for the next 6 to 12 months the SP will bounce around the $7 to $10 level......and then once growth resume in FY18 we are off to $15 and beyond.....
BAL Price at posting:
$6.54 Sentiment: Buy Disclosure: Held
