"In 2018, AN1 entered into an exclusive distribution agreement with its China partner “Exclusive Health” to distribute its nutrition products inChina, via brick-and-mortar stores as well as e-commerce platforms (Tmall, JD.com etc.). AN1 products are also available sold at over 200+tier-1 pharmaceutical shops in Hong Kong through Mannings, Watsons. AN1 has a key opportunity to fast track China/Asia growth with Boardand key management personnel having highly relevant market insights and experience "
Products are already being sold at Mannings and Watsons.
Mannings is Hong Kong's largest health and beauty products chain store, with more than 350 outlets throughout the territory, providing a wide range of quality health care, personal care, skin care and baby products to a broad spectrum of consumers.
Watsons is the largest health care and beauty care chain store in Asia. It is a subsidiary of and the flagship health and beauty brand of the A.S. Watson Group, majority owned by CK Hutchison Holdings.
Management in the road show stated that products are very well received in Mannings and watsons.
WHA got 150 mil mcap on FY18 revenue of 1.6 mil
KTD got 75 mil mcap on FY18 revenue of 2.1 mil
AN1 at 10 mil EV at 20c IPO will be the cheapest china focused milk and nutrition products story IMO.
It should do very well in short and medium term .
DYOR
GLTAH
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