China Animal Healthcare Ltd. (“CAL”) seems to be on the verge of completing a double bottom formation, if it can break the neckline at $0.280 with volume expansion.
For the uninitiated, CAL has three main business divisions outlined in Table 1 below.
Table 1: Outline of the respective business divisions
|
S/No |
Business division |
Percentage of FY10 revenue |
Remarks |
|
a) |
Powdered drugs |
69.6% |
Usually for poultry such as chickens as they have no taste buds. Marketed through its extensive retail network. |
|
b) |
Injection drugs |
5.7% |
More applicable for livestock such as pigs, cows and sheep. Marketed through its extensive retail network. |
|
c) |
Biological drugs |
24.7% |
Mainly in the form of vaccines and applicable to all poultry and livestock.
Non mandatory vaccines: Marketed through its extensive retail network.
Mandatory vaccines: Marketed to governmental provincial veterinary stations through semi annual public tenders (Aug & Feb) |
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