Let's just say, their is very little success priced in at the moment. Citi has a very negative view of the whole China IF market, but that is not to say BAL can’t continue to grow, even if others are suffering. The premium price points continue to attract the ever expanding middle class, e-commerce gets bigger and bigger each year and ‘Organic’ is growing in popularity too.
BAL is a very small player still, i’m confident they will at least meet market consensus this year.
BAL Price at posting:
$11.31 Sentiment: Buy Disclosure: Held