Shares in lesser known small cap Jatenergy Ltd (ASX: JAT) – who sell the Golden Koala range of infant formula products – are zooming upwards while S&P/ASX 200 stock stand-out Bellamy's Australia Ltd (ASX: BAL) is down.
Bellamy's dropped close to 4% at the time of writing to $20.85 while Jatenergy is up almost 1500% from its 0.016c share price at this time last year to 26c per share at the time of writing.
Bellamy's has been trading more than 100% above its 200-period average for some time, with today's sliding share price still 367% above its $4.46 share price at this time last year, but Jatenergy is asserting itself as a serious player in the infant products space.
Jatenergy announced this week China's Jiangsu Jbingo International Co. Ltd. would distribute its products – Jbingo is a well-connected Chinese product distributor in both the online and offline space.
Investors who have done well out of Bellamy's in the last 12-months will have their eyes on Jatenergy as this distribution agreement gains traction with other similar success stories such as A2 Milk Company Ltd (ASX: A2M), Bubs Australia Ltd (ASX: BUB) and Wattle Health Australia Ltd (ASX: WHA) at the forefront of their mind.
