Potential of Samr approval3 Jun 2020 19:09
I posted this a few months ago ,maybe this is what is happening now . Bellamy’s share price: a wild, wild ride
When Bellamy's (ASX: BAL) – the organic infant formula company listed on the ASX in 2014, its stock traded for a little over one dollar.
The company quickly became a market darling though, riding the China infant formula boom to a high of A$22 per share by March 2018. A board spill in 2017 was quickly forgotten by investors, as macro trends remained favourable.
This bullish run-up was backed by the notion that Bellamy’s would eventually receive the rubber-stamp from China’s State Administration of Markets Regulations (SAMR) to sell its infant formula in China’s all-important retail stores.