China Kangtai Cactus Bio-Tech, Inc. (CKGT.OB) Receives a Buy Rating from Red Chip Companies.
Red Chip Companies have issued a buy rating on China Kagtai Cactus Bio-Tech, Inc, with a price target of $2.31 a share.China Kangtai Cactus Bio-tech, Inc., (CKGT.OB) is the dominant player in cactus-based consumer products with approximately 60% market share of China’s edible cactus production industry. China’s consumption of vitamins and mineral supplements has been growing at an astounding rate of approximately 18% per year over the last decade due to increased income per capita and the emergence of a new consumer culture. CKGT is strategically positioned to capitalize on this growing demand with an established position as a pioneer…