Stop being too optimistic, Bellamy mentioned of regulatory changes has a reason behind. That's is the clearance of many other brands in China's market has now start affecting the whole IF market. The new regulations are enforcing those brands to clear their stocks at very cheap price, in response to that, Bellamy has lowered its price sharply. Bellamy is not the only one, Mead Johnson also mentioned recently about the current market condition in China, due to the turbulent time in 2017 after regulatory change while the market are forced into the destocking/price war, the growth is only expected to grow 5% for the industry in year 2017. The growth is expected to be back to track in 2018. Which also, are in line with Synlait' s forecast of 12.5% growth this year, and expectation of surge in 2018.
Seems like most holders here didn't realize this and think it market manipulation, well, let it manipulate then.
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Open | High | Low | Value | Volume |
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4 | 38064 | 6.380 |
3 | 18053 | 6.370 |
3 | 10975 | 6.360 |
1 | 9475 | 6.350 |
Price($) | Vol. | No. |
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6.420 | 23874 | 3 |
6.430 | 7312 | 2 |
6.440 | 6298 | 1 |
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