Valuing a stock is not all about current profit. For a high PE...

Valuing a stock is not all about current profit. For a high PE stock, high growth is required. A2 has been running bullish & the report is very strong, they are 2 facts. However, H2 sales is almost the same as H1 sales. Yes, it means the business is very stable, but also means the growth has slowed down. Currently A2M PE 40 + vs BAL PE 25, I reckon it's a smart move to switch to a stock which is also investment grade and with better chance of achieving at least 50% return from here in less a year. Don't forget BAL's organic products are going to be comparative advantage which could bring potential very high growth to sustain a high PE.

Of course all above is based on a good result to be released on 29th. Hopefully that's the case for all investors which will benefit the whole sector IMO.