A2M - Risk Management, page-6

I disagree with you that the court case would be any risk in short term.
In fact, what investor should be more aware recently are major influences,
1.according to official import data from China customs, the foreign IF import was slow down 8.4 % in Jan. 2017, which was the first time of slow down ever since the continual growth though out year 2016.
The analysis pointed out that major reason was because the of the new regulations, as because many worries the manufacturer may not be able to successfully register with China CFDA thus reduced their import because they don't want to take risk to overstock when IF may be banned for sale in China.
Also the new label regulation and stability research technical guidance has certain impact to the import.
Besides, the improvement of cross-region trading management has lead to huge impact to the tax detention warehouse business . Many foreign brands including Bellamy was reduced in the import via tax detention warehouse, which has impacted the total amount of imports.
And it reflected the customers are more rational to foreign imported IF, and the imported IF are not as popular as before. At last he predicted the total Q1 2017 imports will be also decreased in comparison to last quarter of 2016.
http://cj.sina.com.cn/article/detail/5994149274/180707?column=consume&ch=9
对于进口婴幼儿奶粉，资料显示，2017年1月的进口量出现过去22个月以来首次同比下降。究其原因，首当其冲的自然是奶粉新政。业内人士分析，很多代工厂担心企业拿不到许可证而减少了进口量。
而对于奶粉新政导致进口婴幼儿配方奶粉进口减少的效应在1月份显现，宋亮表示，虽然奶粉新政是在2016年10月份实施，但海外生产订单的周期通常为一年，受到合同的刚性约束，很多企业不得不继续生产，进入2017年，奶粉新政的效果才慢慢显现。
此外，2017年1月26日，国家食药局连续发布《婴幼儿配方乳粉产品配方注册标签规范技术指导原则（试行）》、《婴幼儿配方乳粉产品配方注册稳定性研究技术指导原则（试行）》，文件指出，婴幼儿配方乳粉的标签应与产品配方注册内容一致，不得含有虚假、夸大或者绝对化语言，这对婴幼儿配方奶粉的进口产生了一定的影响。
“此外，跨境管理水平不断提高对很多保税仓库企业进口产生很大冲击，使得包括贝拉米在内的很多外资品牌通过保税区备货方式进口到中国的量减少，一定程度上拉低了进口总量。”宋亮如是说。
而这也一定程度上反应了消费者对进口奶粉消费趋于理性，进口奶粉风光不如往常。不仅如此，宋亮预计，2017年一季度每个月进口婴幼儿配方奶粉数量环比均将下滑，同比很可能也下滑。
业内人士分析认为，进口奶粉风光不似从前，对国产奶粉而言，是一个机遇。
2. U.S interest rate increase
The U.S interest rate increase is now an absolute certainty.
How it will impact U.S stock market is questionable especially when U.S market was sitting at such a high level. If there was large correction of U.S market, I don't think ASX or NZX could be exempt from the wave.
http://www.heraldsun.com.au/busines...e/news-story/48ed15d5a261bb08d9e4257c95bf8344
https://www.theguardian.com/busines...st-rate-rise-donald-trump-us-economy-will-pay
I know people would only like to hear about the good news of the company, though it is also for you to be well informed of any negative side which will help you to better manage risks.