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
I reckon it’s a Good news for internal branded infant formula...
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Last
15.0¢ |
Change
0.005(3.45%) |
Mkt cap ! $133.8M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $120.3K | 825.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 126757 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 906526 | 21 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
15.0¢ |
Change
0.005 ( 3.45 %) |
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| Open | High | Low | Volume | ||
| 14.3¢ | 15.0¢ | 14.3¢ | 192120 | ||
| Last updated 15.59pm 14/05/2024 ? | |||||
| BUB (ASX) Chart |