As a long term holder of Bubs I think the onshore manufacture is a concern. It doesn’t mean it will crash the price, but they will need to put in massive safe guards and then Market it effectively.
It is correct to say that the reason that the Chinese prefer overseas production of infant formula. The source is published by many groups and has actually been noted by the Chinese government who wants more onshore production. This was due to contamination in 2009 that put 50,000 infants in hospital. This includes % targets for local verse imported. So it can also work in Bubs favour.
We we will need more information around quality checks. So on the face of it it could be great. But we need to see the detail
BUB Price at posting:
97.0¢ Sentiment: Hold Disclosure: Held
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