dchua1969

Nongfu Spring - Buying opportunity

Long
dchua1969 Updated   
HKEX:9633   NONGFU SPRING CO LTD
see chart

Concerns - inflation which impact the sales
Intense competition from both local and foreign players

Lifestyle brand like Xiaomi launches its own brand of mineral water , tapping on its consumers base buying its products (cross selling)

Please do your own due diligence!
Comment:
unfortunately, the breakout was fast an furious and it spike up pretty fast !
Comment:
very strong support at36.80

may nibble some next week
Comment:
With greater emphasis on health globally, look at Thailand imposing a SALT tax as people in TH are said to be eating too much sodium laden food. Diabetes worldwide is still on the rise and imo, bottled water will become a mainstream product as people perception is if I can't take this fizzy drink , too much sodium food, then at best I stick to bottled water, what could possibly goes wrong ?
Comment:
46.30 proves to be a very strong support.
Comment:
awaiting for this resistance level to clear first (46.30) before adding more
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