Investigation, page-12

Hi Wisecracker,

I forgot to update the sentiment, I should probably update to Hold.

The thing worries me is the Chinese purchasing power, China did not have massive cash splash targeting the local people.

Xiamen, the capital city of Fujian Province, only started easing isolation restriction this Monday, 70% of the business was still closed before this Monday. The healthcare products, I am not sure it belongs to discretionary or not, maybe in the middle.

For the last two years, people's disposal income is less and less, even for rich people, mainly because of two reasons:

1. High property price limiting consumer spending, similar to Australia
2. The communist party cracked down corruption in an unprecedented level, more transparency, more difficult to make money.

Money is harder to earn in China now, my rich friends are not even going to the night clubs anymore.

I tell you what, Vietnam, Cambodia (full of Chinese investors now, 80 casinos built in two years), Indonesia and Malasia is the next China.

But these potential developing countries are not ready to spend on health products yet, BUB has a good move to go to Vietnam.

We shouldn't be too naive to think share trading is a fair game, so many things going on behind the scenes, regardless of EHH's potential, I just don't trust EHH's current management.