BUB's Growth

Looking at this announcement, it addresses the comments relating to growth and profitability. Although we have had a brilliant run for the past couple of weeks, this stock has a bright future and $1.50 will look cheap in six months.

About Beingmate Beingmate Baby & Child Food Co., Ltd is the only infant and child nutrition focused business listed on China’s A-share market with a market capitalisation of RMB6.115bn (~A$1.29bn). It was founded in 1992 and listed on the Shenzhen Stock Exchange in 2011. Beingmate has reported sales for calendar 2018 of RMB 2.476 billion (~A$520 million) and reported profit of RMB 41m (~A$8.5M). Beingmate has more than 200 infant nutrition products in its portfolio. About Alibaba Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a company that lasts at least 102 years.

Today Alibaba Group has more than 699 million mobile monthly active users on its China retail marketplaces and is the world’s largest retailer by Gross Merchandise Value. Australia was ranked third during the 2018 11.11 Global Shopping Festival on Tmall Global, up from fifth in 2016. Mother and Baby is one of Australia’s leading categories for exports to China from Australia.

About Chemist Warehouse Chemist Warehouse is Australia’s largest pharmacy chain network by total sales, with over 450 franchised stores throughout Australia and New Zealand under the ‘Chemist Warehouse’ and ‘My Chemist’ banners. Chemist Warehouse has evolved its business model to not only cater for a strong domestic market, but also acts as a gateway to China for Australian brands, in response to the increasing number of Chinese residents and tourists seeking Australian health and infant nutrition products to take back to China. The Chemist Warehouse Tmall Global store is the largest in the world by gross merchandise volume. In 2018 during ‘Singles day’ the Tmall Global store sold over RMB 180 million worth of products in just 24 hours.