Citi considers the announcement from a2 Milk Co of an inspection of its Dunsandel facility to be a positive and a step towards reducing market risk, likely progressing the company towards receiving state administration for market regulation (SAMR) approval in China. Given uncertain timing around securing registration following the inspection, Citi expects a write-off of safety stock could be necessary to cover the gap. Given a2 Milk Co's strong balance sheet and its movement towards resolving market access, the broker expects the market would look through a stock write-off.The Sell rating and target price of $4.51 are retained.
Media Updates, page-12296
-
- There are more pages in this discussion • 2,423 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add A2M (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$5.72 |
Change
0.085(1.51%) |
Mkt cap ! $4.130B | |||
| Open | High | Low | Value | Volume |
| $5.69 | $5.74 | $5.65 | $2.887M | 507.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 10252 | $5.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.72 | 9721 | 11 |
View Market Depth
| Last trade - 13.02pm 13/09/2024 (20 minute delay) ? |
| A2M (ASX) Chart |