Ann: Trading Halt, page-103

I think BUB is doing pretty well and I don't know why so many haters.

FY20 has a total revenue of 61.7m and a loss of 11.3m, that is a great result despite the impact of Covid. If BUB continue the current performance, next year we would expect 86m revenue and a profit of about 10m, and in 2022, we would see 120m revenue with a profit of about 50m. As a growth stock, the market cap would be about $1.5-2b, and share price will be more than $3.

Also BUB is NOT at risk and China encourages foreign investment. Beihai is one of 14 'open cities' and is in a 'special economic zone'. I am not an expert on this but a simple google research shows that BUB may be eligible for many incentives such as 15% reduced rates, first few years tax free, no tax on raw material, etc. Also BUB has made clear that ‘BUB China’ product will be targeting lower tier cities, and 'super premium' product produced in Deloraine facility will be aimed at Tier-1 cities.

Also Beihai is a critical point in China initiative 'one belt one road' and the first two international cities it connects are Hanoi and Kuala Lumpur.

Hanoi is the capital of Vietnam and BUB launched its product this year. Kuala Lumpur is capital of Malaysia and BUB is planning to launch new market in Q2 FY2021.