Ann: September Quarterly Report & Appendix 4C, page-27

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towkay

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10/01/19

13:04

Post #: 37080063
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Originally posted by dmaivn ↑

I recently get to know a bit about the middle class Chinese through those who came to Sydney to live (while still run business and factory in China). They have money. They are extremely discerned about wellness and health products. There is a sense of superstitious belief in natural products and remedies, herbs and fine food. They put a lot of money into skin care products, expensive seafoods and wellness products. They are quite unsophisticated when it comes to fashion and home decor. I can understand why Aumake is focusing on wellness products.

While I don't see Aumake growing quick and become very profitable, I think they will deliver the promise of break-even finance in 2019. If the Chinese do not know how to sell to their own people, no one else know how. We will surely see in the next quarterly report how the finance progresses. The most important thing to look for is the sign that they become break-even and won't need more capital raising. The share price at this moment looks very reasonable. It's now about 40% lower than their last capital raising(I remember about 45c at the time the share price was around 60c then it crashed quickly to just under 50c).

All the hype and pump are now behind. It is now just a retail business targetting middle class China.

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u wanted in between 27-28c Hope u r in at this discounted price. LOL
p/s breaking even after 1 year operation is fantastic. my little business took over 3 years

AU8 Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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Ann: September Quarterly Report & Appendix 4C, page-27

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