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TMALL 11/11 shoppingday, Until 24:00 pm 31/10 ,Pre order for Bellamy stage3(6tins) are 4230 customers.Compare with top 3 daigou brand(A2,Aptamil,Bellamy) in Australia ,Bellamy less than A2,but a little  better than Aptami GOLD and Aptami Pro.

Compare with A2M 

 Revenue :320M  VS   850M

Gross Margin: 39.6% VS 50.3

EBITDA:   72m  VS 270m
NPAT : 47m VS 185m

consider A2M have got CFDA aproval but BAL haven't

The fair  market Value of A2M and BAL should be 5 or 6:1

But now market capital for A2M and BAL is  7.2Billon VS 810Million nearly 9：1.

I support BAL now!!!

Either A2M keep this shareprice and BAL jump 30% or BAL keep this share price A2M down 30%.

That's should be  fair value