that MOU is POS - sorry to burst anyones bubble. That entire stupid show was to show US we can live without you. Sinopec were forming MOU left right and centre. Means nothing. SInopec not buying canola oil from a nobody like FOD.
They need to follow up on JJGlobal and hope like hell rich expats are willing to pay for the fancy juice in these hotels.
Saying that - I have lived in fancy Chinese hotels for a long time and the fancy juices were in hot demand - from both expats and rich chinese.
The local population doesnt drink juice (so could be a large untapped market or banging head against a wall - we will see.
Be optimistic but Norman Li needs to be judged harshly.
FOD Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
(20min delay)