Hi,
I haven't seen a lot of discussion about the Chinese slowdown and potential risks to the pace of growth of our business. I think the general consensus is because we're selling infant formula which is a necessity mothers will continue buying our premium product and therefore the demand is fairly inelastic.
However what if mothers decide they don't quite need to pay so much for such a premium product? Do you think there is a risk they settle for something a little less pricey that still has a good reputation?
There are also a lot of commentators who believe China is inevitably going to face more than a slow down rather a financial crisis that could be more serve. How much of an effect could this potentially have? I'm happy with the business and remain bullish on the stock however am worried that the Chinese economy could be a concern going forward in 2019 & 2020.
What do you think?
China slowdown
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