If the trade war with the US escalates, it may even benefit BAL. The issues with the US I believe make it more likely that China will do its best to maintain good relations with other trading partners.There are various articles suggesting a trade war would actually benefit Australian companies, especially as China would likely do a stimulus package. Putting that aside, assuming BAL is approved in China (ideally within a week or two) , I would estimate that BAL shares would rise around 10% in a day. Does anyone else warrant a guess?
BAL Price at posting:
$9.62 Sentiment: Buy Disclosure: Held
