BAL - Chart, page-361

With BKL smashed, BAL needs to show its China performance YOY and prove they are doing OK.

I tell you one thing, in Australia they are losing share to A2M.  Also suspect major writedowns in H1 as they try to discount old formula online.  I wonder if they will reveal old formula stock levels Dec18 and Feb19.  Be transparent as to what is happening and not let the market guess and short them to oblivion.

Reality is a bad result is hard to cover and shorters will pounce if SAMR is delayed or H2 guidance fails to deliver the 30% uplift as stated.