AU8 have been very smart in regards to initially focusing on the development and sale of milk powder formula products for the ‘non-infant’ Chinese market that do not require SAMR approval (including English labelled infant formula sold within Australia).
They're still trading under a fully diluted market cap of $100m which is crazy considering their peers in BUB & WHA trade around a $300m mkt cap and don't yet have SAMR approval.
AU8 already has far greater sales (from their underlying business) compared to both BUB and WHA and are losing far less money than BUB (AU8 and WHA are similar).
This is a stock you want to own !! They aim to be cash flow positive next year. Writing is on the wall here guys.
Good luck
AU8 Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held
