Let alone BFC, all dairy exporters to China with big hope of expanding, making and delivering profits to shareholders ignoring the biggest 'threat' from on -going 'currency' war. On Friday, BOJ shocked the market with 'negative' interest......
So, China is not behind.....China has regularly devalued its currency and it may further devalue its currency....
More so, some leading analyst in US believes that China may devalue its currency even further to avoid hard-landing..
Each time China devalue its currency....products gets...costlier in China....so u can figure out...what it means to companies like BFC and others.
So,....think before you invest.....never too excited .....companies with no forward strategic planning..to this kind of scenarios....
Challenging situation
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