ADY correct as in 10K due to Super premium line Astro Baby gaining real traction their infant formula pricing increased 33% from $7.94 per Kilo to $10.57 per Kilo & BTW Astrobaby line in Tier 1 cities & gaining traction
I don't doubt that, but what happens when the capital spent to expand operations to meet current demand results in a lose of ROI in the event another major milk scandal ensues?
ADY may have a clean bill of health, but another Company's failure can impact the perception of ADY's products.
There is a far greater chance of another milk scandal happening than there is of the Dairy situation in China to improving.
Domestic Dairy sales in China are down 10% so far this year.