MENU

The Bellamy’s Australia Ltd (ASX:BAL) share price is surging upwards today

The Bellamy’s Australia Ltd (ASX: BAL) share price is up 6.2% to $7.68 at the time of writing – a welcome surge for shareholders who have watched the shares drop in price steadily since March.

Investors with interests in stocks rattled by US and China trade wars have had a nail biting few months as share prices for the likes of Bellamy’s, A2 Milk Company Ltd (ASX: A2M) and Treasury Wine Estates Ltd (ASX: TWE) have taken a beating.

So what’s behind Bellamy’s sudden surge back upwards today?

Bellamy’s recent AGM report underlined its strong balance sheet, with no debt, $88 million in cash and $39 million in supply chain investments.

It’s progressing well on the SAMR registration of its Chinese-label formula, but while it has no firm date for approval, investors fears can at least be allayed by its progression.

For now, investors can hold out for further news on Bellamy’s investor day on November 29 when details of its $500 million FY21 revenue ambition will be revealed.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool’s in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool’s Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand – and how quickly the share prices of these companies moves – we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor Carin Pickworth has no position in any of the stocks mentioned. The Motley Fool Australia owns shares of and has recommended Treasury Wine Estates Limited. The Motley Fool Australia owns shares of A2 Milk. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.