FY18 Guide & Annual Results, page-589

I don’t get it why does China matter to BAL from what I can see BAL has 94% of its revenue from Australia and Singapore only 6% from China. So if there is a trade war BAL is well positioned to maintain profits and growth of 10%. I know everyone hopes that SAMR is approved but even without it BAL is in a strong position. Strong cash flow, strong balance sheet, low debt, good assets. I think BAL should just focus on Vietnam and Indonesia and if China approvals come then it is just icing on the top.