Originally Posted by
000831
I do not think the current price has an issue, compared with WYN. It also listed around 1.00 then 3.00 now, but in different sector. Other two dairy companies, ATM and FSF price moved upwards, but SML. However, SML has better growth in revenue and return than ATM. ATM does not fall as it does not have Chinese government license to sale infant milk products.
The price reflects the company perspectives and investors' expectations. The worst situation would be infant milk power production sale zero in China. That challenges SML, but if it shift those products sale in OZ, then it won't be a problem. So anything between $3.70 and $4.20 won't surprise me before the company report releases. $3.70 -$3.75 would be a good buying price, PE estimate around 14.
Just wondering who is buying at $3.75 - $3.85. We have around 4 million dollars buying power those two days.