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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.

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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.

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