I plan to buy more if it falls tomorrow, the lower the better. I'm holding this stock for at least 2 years. I'm currently in Shanghai on a holiday visiting friends here. Chinese governments has lowered their domestic standards of milk in order for companies to produce milk to supply to the large population. In other word, our Australian milk is 20 times more purer than their milk. It's will be the good stuff, the best milk they've ever tasted. Paying a price of 100rmb per litre is not considered as expensive here. Restaurants sell a can of cola for 30 rmb. There's heaps of middle class Chinese that are willing to pay premium price for "safe" food. Right now, the problem they have is, there's no safe food.
Think long term and be patient.
CCF Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
