yes a2m is high in demand in China and is one of the fastest growing brand there. They are also spending 150mil in advertising, selling through mother and daughters shops in China and is one of the first companies that received SAMR approvals in China. Even through they can sell directly into China. They are still the top brand in selling into China through daigou in Australia
bal might eventually gets their SAMr however they will be going into a highly competitive market with well known competitors spending upwards of $150 mil a year protecting their market shares. They will also be entering with anothe 100-150 brands who are all awaiting approval. While selling a product going backwards in the growing daigou market.
I think ink people are wildly overestimated the SAMR impact
BAL Price at posting:
$8.16 Sentiment: Hold Disclosure: Not Held