“Furthermore, AuMake Owned Brands AU8, a newly developed skincare product range, was launched during the quarter. The whole product range includes a mouth freshener, serums and creams. Early sales trends are positive with the range representing four per cent of total owned brand sales for the June quarter“
2. JD.com distribution / partnership
“The daigou company has also joined recently JD.com platform in China with its own brand products. AuMake said in a statement, the early positive sales growth via the online e-commerce giant, it is in discussion with JD.com on a wider collaboration“
Kicking quiet goals and not falling into the hype announcements like others. I could mention a few other stocks that would have had stand alone announcements on both the above.
Like what I am seeing. Basing and really good Long term buy zone at these levels.
GL
AU8 Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
