Unlike particular holders in the JAT forum, I will state that BUB's is NOT struggling to gain traction in China. 11/11 sales were up 174% this year with CapriLac ranked no.1 for goat milk.
As for the comparison between BUBs & JAT, without looking indepth at JAT's QTR reports, my points would be:
1. IF the BeingMate JV eventuates, BUBs operating margin will significantly improve with onsite labour, reduction in export costs.
2. BUBs is the fastest growing infant formula in Australia and is stocked in Coles, Woolies, Chem Warehouse, Baby bunting etc. This significantly de-risks BUBs and provides security with an uncertain Chinese market.
3. BUB's is expanding in Vietnam, Malaysia & Singapore - this will decrease reliance on China/Daigou
4. I think if JAT de-risks by expanding in Aus, they may see a fairer valuation.
BUB v JAT - A Comparison, page-2
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Mkt cap ! $133.8M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $169.7K | 1.126M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 705911 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 15.5¢ | 807492 | 22 |
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| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 15.3¢ | 15.3¢ | 14.8¢ | 945496 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| BUB (ASX) Chart |