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Riding on the middle income group in China 40% market share in China
A staple ingredient in the Chinese Cooking culture
Popular household brand - Golden Dragon
Here is how it looks like
Now as middle income group in China keeps growing, the choice of oil selection becomes more apparent as well. Now, they can afford better quality, better brand image and Golden Dragon brand has earned that over the years .
If you have been following me, I talk about the importance of stickability in a brand or company that I like to invest in, such as Tencent for games, Meituan for food delivery, Haier for appliances, etc. The more they use on a daily basis, the more entrenched is the habit and the harder it becomes for them to switch.
That is a competitive advantage that competitors will have a hard time trying to steal their market share. With a strong parent company like Wilmar International , it is well poised to make stellar performance in the years to come.
Wait for pullback and go long. 
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Zhejiang Meida: China's Electronic&Household Appliances IndustryFundamental:
The mainland Chinese government had a key meeting this month which included a new 5 year plan. Overall, it is expected that their economy will be the number 1 economy with the largest high-income society in the next decade. It seems that in this regard, China will become the worlds money dumb with low-quality persists, yet a place where money grows; a place where no investor will actually live, yet a place where people come for a medium to long-term "plug-in and pull-out" method to extract money from for retirement and to live a more comfortable and luxury life outside of the mainland of China, and to maintain and perpetuate a quality standard of living in Western countries. However, in the mainland of China, the average citizen will continue to live in squalor and unpleasant conditions when juxtaposed to American middle-class living standards.
However, in this 5 year plan, Beijing plans to eradicate extreme poverty and focus on environmental protection. China is still an export-dependent economy; and, currently, investment and exports drive economic growth. China wants its economy to be a high-quality growth model, where consumption drives economic growth. However, it could also be that consumption drives economic growth without high-quality of life; that is squalor living where people consume a lot of stuff that "Western people" use. It will not be a high-quality society, but a high-consumption society where people, in general, continue to be uneducated and have bad manners. Less than 10% of the population has a college education. And even if they are educated, most people do not realize that all humans are children of Africa and most are unconscious about the concept of cultural-diversity within their own borders, let alone the world. So, another number one country with a general population that cannot embrace and cannot actualize who they are that will perpetuate the status quo.
Speaking of consumption, Zhejiang Meida Industrial Co., Ltd. is set to be a leader the consumption of China in the electronics and household appliances industry. This company produces and sales integrated kitchen appliances, such as stoves and sink items. With a stable balance sheet this company also pays a 2.90% dividend.
Technical:
Breakout with volume
above 20 sma
Macd divergence
MACD cross above signal line
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