Short term and chart wise, its range trading around 80-90 level waiting for direction.
Long term and in my opinion, new management, cost saving, low borrowing cost and pickup on Chinese market are the main driver for better earning.
Offset by bush fire (increased cost of doing business), price cut (to be competitive with swisse, the number 1 brand in china), lower vietnam market growth rate as reporting earlier last month.
BKL Price at posting:
$87.24 Sentiment: Buy Disclosure: Not Held
