Good news. With BKL becoming involved more in the process it is less likely to be targeted by unhelpful regualtions and restructuons in the future.
This isn't an earnings upgrade, but it is a very positive indication that BKL is managing their China operation well. This obviously is flowing through to earnings such as the big direct sales growth we saw for the China division. Good indication the growth profile, and prospects are very much intact when it comes to China.
BKL Price at posting:
$91.92 Sentiment: Hold Disclosure: Held