mid-cap

Bellamy’s Australia Rising up

May 04, 2016 | Team Kalkine

Read Time :5 MINS

Bellamy's Australia Ltd

BAL Details

Huge market opportunity: Bellamy's Australia Ltd (ASX: BAL) stock has been recovering this month and rallied over 3.2% on May 04, 2016. The update that the group’s Infant formula is in positive list and in free trade zone for China have triggered the stock rally, which rose by 4.80% in the last five days alone. The group is positioning itself to leverage the booming Chinese infant formula market which is estimated to exceed A$13.3 billion annually. Moreover, BAL is targeting to enhance its margins via launching its products through online trading platforms like T-mall, JD.com, IP.com.
Recommendation: We give a “speculative buy” recommendation on the stock at the current price of $10.83

Strong financial performance (Source: Company Reports)

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Mid-Cap