Only six stocks of the listed ASX companies with exposure to the infant formula market — and just three small caps — have gained value since late November.
Stockhead has examined the news and share price movements of the 15 companies that make up what we like to call the baby bottle crew since we last checked in on November 21.
The stock has risen 5pc since we last checked in, eking ever close to the $1 mark at 98c.
But the company continues to wait for State Administration of Market Regulation (SAMR) accreditation, which it applied for in October 2017.
Jatenergy (ASX:JAT) is also up 5pc, to 7.9c, after it signed a distribution agreement with Ocker Products whereby Ocker has exclusive distribution rights to distribute 900g tins of Jatenergy’s Golden Koala full cream milk powder in China for an initial period of five years.
Longtable Group (ASX:LON) is also up ever so slightly, 3pc to 32c a share.
That’s partly responsible for the company’s shares drifting 12 per cent down to 40c.
Its revenue lifted by 116 per cent to touch $1.4m, following “significant” sales growth thanks to investments the company has been able to make following its $15m July IPO.
But the company also plunged into the red with a 1,736 per cent slide to a $1.5m loss, from a $96,812 profit in the same period last year.
The only official movement from the company since its 2018 annual report were the adoptions of remuneration report and the re-election of Mr Q Roux, both carried on a show of hands.
Here is a table of companies and share price movement. Click headings to sort
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