Deeper Chinese condom penetration could see the shares explode. With current penetration only 10% deep—vs 50% in HK—we are likely seeing just the tip of opportunity for a company that could grow for a long time to come.
Exactly. It only takes a little bit of imagination to imagine a significant boost to Okamoto's earnings from its China-based condom business. We'll see - China has become more protectionist as of late. But at the current share price, I think the risk-reward skews positively.
Deeper Chinese condom penetration could see the shares explode. With current penetration only 10% deep—vs 50% in HK—we are likely seeing just the tip of opportunity for a company that could grow for a long time to come.
Exactly. It only takes a little bit of imagination to imagine a significant boost to Okamoto's earnings from its China-based condom business. We'll see - China has become more protectionist as of late. But at the current share price, I think the risk-reward skews positively.