Sure have - we like 1717 HK and 1112 HK in the infant formula space (and vitamins). Both are fairly small (for China) but are seeing high growth given the strong infant formula market, both are taking share and consumers are trading up to premium products. Yili is the leading national brand (along with 2319 HK) in the liquid milk and yogurt space (it also has infant formula). Yili is more a high quality proxy for the overall structural growth in the Chinese dairy industry. All 3 companies are attractive in my view.

On The leading player in a growing industry -