"Also, Chinese retailers likely have been stocking up ahead of an expected increase in babies conceived during this year’s Year of the Monkey — one considered especially lucky — as well as a forecast for a small uptick in babies being born because of the relaxed one-child policy.
The birthrate was the lowest in five years in 2015, partly because Chinese didn’t like to give birth in the Year of the Goat, resulting in Nestle’s market growth slowing, said a spokeswoman. She estimated that the company’s infant-formula market growth to be “3 per cent to 5 per cent” this year."
This is very interesting. Great news for BAL in the medium term.
BAL Price at posting:
$13.36 Sentiment: Buy Disclosure: Held
