This might also have something to do with it, 12:08pm:...

This might also have something to do with it,

12:08pm: Blackmores' main rival Swisse Wellness has lifted its market share to 19 per cent in Australia to be the No.1 brand at a retail level, but Blackmores is showing better overall momentum and stockbroker JPMorgan expects the share price to head back to $215.
Both firms are making strong headway in Australia's $3.5 billion vitamins market, buoyed in part by the "suitcase trade", where Chinese tourists and entrepreneurs have been buying up large amounts of vitamins and supplements from Australian retailers and selling them in China. Both companies have a strong presence on online sites in China such as Tmall and Taobao operated by Chinese internet giant Alibaba.
Swisse, acquired for $1.67 billion in September, 2015 by Hong Kong-listed Biostime International, increased its market share in retail to 19.0 per cent in Australia for the 12 months ended March 31, up from 14.3 per cent a year earlier according to IRI Aztec data, says Biostime chairman Luo Fei.
While the big firms squabble about who is on top, investors are squarely focused on where the Blackmores share price may be heading after it tumbled 25 per cent from above $200 per share in a few weeks in late March and April on confusion about new e-commerce regulations in China and a hefty multiple it had been trading on.
But the stock has made solid gains over the past week to move up past $180. Shares are up 2.75 per cent to $185.19, having risen eight of the past nine sessions.
JPMorgan said in a note after the Swisse March quarter results that while regulatory risk "certainly exists, we continue to believe that Chinese consumers will want to purchase products sourced and manufactured in foreign regions due to the perceived quality benefits". It expects Blackmores shares to be trading at $215 by the end of calendar 2016.
Stockbroker Phillips Capital told clients on Monday to "buy" Blackmores because there was talk that Chinese authorities would give a "12-month grace period" for foreign products going through bonded warehouses in China, given them time to get onto the so-called "positive" list.


Read more: http://www.smh.com.au/business/mark...-in-london-20160509-goqcgc.html#ixzz48DPlkfuX
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