I reckon it’s a Good news for internal branded infant formula companies such as Bubs. Abott screwed themselves up in their quality issues happened at US , that affected their consumers confidence in China . Company in their size can’t afford to continue the business there but it’s definitely a great news for smaller company like Bubs to snatch up portion of the 3% market there.
The issue with Chinese infant formula market is the local brands continuing overtake the market . International brands are facing the same challenge . However there are people in China they would only trust imported infant formula and the 3 % market share can welll feed small company like bubs.
snatched another bunch of share today at 0.3 price today .
gldh
Abbotts pulling out of China …, page-8
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13.0¢ |
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Mkt cap ! $115.9M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 13.0¢ | $43.28K | 328.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 34 | 1415828 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 13.5¢ | 125000 | 2 |
View Market Depth
| Last trade - 16.10pm 30/05/2024 (20 minute delay) ? |
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Last
13.0¢ |
Change
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| Open | High | Low | Volume | ||
| 13.5¢ | 13.5¢ | 13.0¢ | 442846 | ||
| Last updated 15.56pm 30/05/2024 ? | |||||
| BUB (ASX) Chart |