Interesting to note I posted a pic from CH 12 days ago with production date 08-04-2016 for stage 3.
If you think of all stages, BAL has a great mix of local and international demand. So at a time of slower daigou demand for stage 3, local demand for 1 & 2 is firing on all cylinders due to price promotion and growing awareness.
Last week was a massive overreacting and now presents an opportunity to buy a $12 company for $10! I think we will see some bargain shoppers out this week and a strong V shaped recover to the $12 area ahead of impressive results for FY.
Got a good feeling this week
BAL Price at posting:
$10.36 Sentiment: Buy Disclosure: Held