The revenue is an obviously downside at the moment.
Only A2M and BAL are investment-grade, BUT both were speculative at early stage, and promoted by Daigou. Daigou is only temporary, in my view, formal distribution agreements with large Chinese companies could be the way to enter Chinese market.
WHA has been focusing on building infrastructure from supply, especially organic milk, CNCA facility (2/3 CFDA/SAMR slots secured) & Aiyingdao chain with Mason, and Weihai Port International, etc, that's where the potential is, imo.
WHA Price at posting:
$1.46 Sentiment: Buy Disclosure: Held