Agree with every single point. I would just love to own this...

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Jausty1919

571 Posts.

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02/04/20

23:24

Post #: 43851778
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Originally posted by SmallCappuccino: ↑

Agree, but there is some serious upside if they can get it right...

https://edition.cnn.com/2020/03/14/asia/coronavirus-traditional-chinese-medicine-intl-hnk/index.html

In this article there are some interesting data points on TCM in China and the Govt desire to support it.

State-backed industryThe front and center role TCM has taken in fighting the coronavirus outbreak dovetails with the Chinese government's recent efforts to promote TCM at home and abroad.China's State Council estimated last year that the TCM industry could exceed 3 trillion yuan ($430 billion) by 2020 -- a 71% increase from 2017. Beijing has also sought to promote TCM alongside its "Belt and Road Initiative," a massive global infrastructure and investment program.Ancient remedies have been repeatedly hailed as a source of national pride by Chinese President Xi Jinping, himself a well-known TCM advocate."Traditional medicine is a treasure of Chinese civilization embodying the wisdom of the nation and its people," Xi told a national conference on TCM in October last year.

This is the only ASX listed TCM play.. Combine aus provenance on a few parts and this could move very quickly

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Agree with every single point. I would just love to own this business (not this equity, run by this management - but the underlying business, if operated by managers with integrity).

The issue is it's corporate governance - and this is an insurmountable issue IMO.

Please all retail holders only place a small wager on this (if you absolutely must) and don't put the house on it (as is so often observed) for the love of god. Hope you all make a killing though

EHH Price at posting: 14.0¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

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