BUB now has around $19m cash in kitty, should help secure a CNCA licesed manufacturer.
I don't think that would be much difficult.
For medium and long term, how BUB to grab a market share in Australia and in China will be the key to success. Obviously, imported goat milk is another key issue to be addressed.
Goat formulas are currently 5% of the total infant formula market, is growing. This attracts quite a few large Chinese formula companies to have set up goat formula division, Feihe is one of them. Currently, Netherlands' Kabrita, is the No.1 foreign goat formula brand in China.
Good future prospective, but require lots of hard work to be done.
IMO.
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Mkt cap ! $115.9M | |||
| Open | High | Low | Value | Volume |
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