Ann: FY19 Annual Results Presentation, page-61

Something very interesting has come to my attention while reading the report. “Apparently BUBs moved into Singapore market through NTUC and is looking to expand into south east Asia.” I didn’t notice any announcement about this before report. Did anyone else before the report came out?

Another interesting point i’ve also notice is we are only cash flow positive because of the cr. Another one could be around the corner by the looks of things unless They somehow manage to generate positive cash from operating activities.

Growth on revenue side looks decent but expenses needs to be controlled. If they can achieve this, it’s a big tick for me.

Supply and production seems to be all sorted. Looks like if BUBs can focus on product demand and control some of the expenses we’ll reach our dreams.