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