In 2016, Australia blocked electricity deal with China for 'national security' reasons, in retaliation, Chinese CNCA has suspended Australian dairy firm's licence (AHF)
If Chinese Huawei ( tech company) was banned for 5g service in Australia, this could affect the approval of CNCA certification for BAL or other Australian milk companies
According to the Australian newspaper, Huawei is more likely to be prevented from participating in 5G service
"Turnbull government will rule on the future of the next-generation 5G mobile phone network and there is every chance Chinese giant Huawei will be excluded from participation on national security grounds. " "No decision has yet been made but it is very likely that Chinese telco giant Huawei will be prevented from participating in critical aspects of 5G."
This could be the reason for such a sharp decline in share price
BAL Price at posting:
$9.70 Sentiment: Hold Disclosure: Held
