GDA 3.70% 26.0¢ good drinks australia ltd

Intermediate-Term Bullish || Target Price Range: 0.08 - 0.10, page-7

  1. 1,502 Posts.
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    Chinas where I'm currently living, well, 4-5 months a year anyway when I'm not in Thailand or somewhere else. That's why I'm always so late posting to HC - 2-3 hrs behind you guys, which means I've got to be up at ~6.30am to catch the ASX open ...... yawn
    Can buy decent local brews here for 2-3 CNY (~40-60cAU) for a 600ml long neck.
    The fridge's always full!

    You're right though, China has a burgeoning upwardly mobile middle class that are ostentatious when it comes to showing off their worldliness i.e. drinking foreign beers with friends (local brands at home), swaggering their goochi bags and driving their beemers, wearing Disney t-shirts etc

    So yes, there is a market, but many a coy has done their dosh trying to crack it - they go for internationally known brands - Budweiser is popular.
 
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