Your absolutely spot on H!
We Chat is huge and an amazing communications platform also pretty sure they've moved into e-commerce in recent months. It's actually internationalised last few years as well.
Didn't even think about We Chat when I posted. I was thinking more like deidcated sites that I have seen friends use...these sites are dedicated and specialise in higher end consumer products all in Chinese language of course so not being of Chinese background I can't give examples...but We Chat? Now that would be a fertile avenue of pursuit! Someone better get on to team NUH about that one! If you've ever been to any of Asia's megalopolises you'll realise how prevalent earwear is...the background sound of everyday living is relentless...and desire for high end electronics insatiable and better still Oz origin product is highly regarded.
Crazy thing as stock holders is we've managed to get on this stock at rock bottom. Don't really thing most yet really appreciate the potential that they've stumbled on to here...not even the HC gurus...well...maybe some of them!
If anyone recalls that generalist article on tech stocks from the other day on one of our threads with the "Ferrari of stocks" reference...they mentioned 20% average year on year growth.
Retrospectively and in respect of NUH I think that % may likely br woefully inadequate. I see exponential growth possibilities and talking in linear growth patterns just doesn't resonate with me.
The nature, quality and easy international distributability of IQbuds IMO doesn't fit that "average"...like I said...linear growth patterns just don't fit our business model...I for one have higher expectations.
Cheers
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