Why would they not approve? It's China, They don't need a reason. I'm a holder so I want it as much as anybody and I think it will eventually.
I like the fact they are now distributing in Vietnam. I have spent a good part of the last decade in Vietnam and they have the same issues as China with their outlook on baby formula. They don't trust Chinese brands and in fact hate them. the trust their own local brand even less than the Chinese brand. They have been buying the Japanese brands more than others but they will jump on western brands if they become readily available.
Vietnam have a population of 95 million and a very fast growing middle class that want the best for their children and have money to spend these days. it's not China that's for sure but there's a huge relatively untapped market there. This is one of the reasons i grabbed a bundle of shares. I might just bridge a gap for what could be a very long wait.
happy trading and DYOR!
BAL Price at posting:
$7.75 Sentiment: Hold Disclosure: Held
