Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Search by ticker code:
Generic filters

Why The Bubs (BUB) Share Price Is Soaring

The Bubs Australia Limited (ASX: BUB) share price is up 17% in early trade after the company announced a new partnership that will increase their reach in China.

About Bubs

Bubs was founded in 2006 by Kristy Carr and was listed on the ASX in January 2017. Its infant formula is based on goat milk and it also sells organic baby food. Bubs recently acquired NuLac Foods, Australia’s largest producer of goat milk products. It also guarantees exclusive supply of local goat milk from Australia’s largest herd of milking goats.

New Partnership

Bubs announced a new strategic channel partnership with Kidswant, the market leader in infant and child retail with the largest share market in China. Kidswant has 275 large-scale physical stores that service approximately 60% of Chinese cities with a population of more than 500,000.

With this new partnership, Bubs Organic food products are now ranged in all 275 Kidswant stores across 123 cities. Bubs estimates that the annual retail sales performance of Bubs products through Kidswant will reach RMD 30 million by FY20, or approximately A$6.24 million at today’s exchange rate.

Bubs CEO Kristy Carr said, “We are delighted to establish this strategic partnership with Kidswant, the No. 1 baby store chain in China. Kidswant’s store footprint and full-service integrated membership model provides us with immediate access to our core potential customers in a trusted ecosystem.”

What This Means For Bubs

This is an important step forward for Bubs in the race to gain market share in China. Bubs, Bellamy’s Australia Ltd (ASX: BAL) and The a2 Milk Company Ltd (ASX: A2M) shares have all taken a beating lately following increasing tensions in the US-China trade war, so it’s good to see some positive news emerge.

I recently wrote about why I would invest in a2 Milk over Bellamy’s or Bubs, but if Bubs can establish a few more partnerships like this one I may be proven very wrong.

For more growth share ideas, check out the companies in the free report below.

[ls_content_block id=”18457″ para=”paragraphs”]

Disclosure: At the time of writing, Max does not own shares in any of the companies mentioned.

$50,000 per year in passive income from shares? Yes, please!

With interest rates UP, now could be one of the best times to start earning passive income from a portfolio. Imagine earning 4%, 5% — or more — in dividend passive income from the best shares, LICs, or ETFs… it’s like magic.

So how do the best investors do it?

Chief Investment Officer Owen Rask has just released his brand new passive income report. Owen has outlined 10 of his favourite ETFs and shares to watch, his rules for passive income investing, why he would buy ETFs before LICs and more.

You can INSTANTLY access Owen’s report for FREE by CLICKING HERE NOW and creating a 100% FREE Rask Account.

(Psst. By creating a free Rask account, you’ll also get access to 15+ online courses, 1,000+ podcasts, invites to events, a weekly value investing newsletter and more!)

Unsubscribe anytime. Read our TermsFinancial Services GuidePrivacy Policy. We’ll never sell your email address. Our company is Australian owned.

Information warning: The information on this website is published by The Rask Group Pty Ltd (ABN: 36 622 810 995) is limited to factual information or (at most) general financial advice only. That means, the information and advice does not take into account your objectives, financial situation or needs. It is not specific to you, your needs, goals or objectives. Because of that, you should consider if the advice is appropriate to you and your needs, before acting on the information. If you don’t know what your needs are, you should consult a trusted and licensed financial adviser who can provide you with personal financial product advice. In addition, you should obtain and read the product disclosure statement (PDS) before making a decision to acquire a financial product. Please read our Terms and Conditions and Financial Services Guide before using this website. The Rask Group Pty Ltd is a Corporate Authorised Representative (#1280930) of AFSL #383169.

Skip to content