Bloomage Biotechnology Corp (963 HK)

[swang107]

Another interesting company. It focuses mainly on the development, manufacture and sale of various Hyaluronic Acid (HA) raw materials and end products. HA  is a natural substance found in various tissues in the body of human as well as animals. Gross margins of its product ranges between 70-90% depending on the grade. A very popular and fast growing application is in cosmetic enhancements, commonly known as HA fillers.

Here is a recent report from JPM for anyone interested. Have fun.

http://www.niuniuwang.cn/wp-content/uplo...676_01.pdf