“The result was incredible. China delivered over 40% growth,” Liu told Switzer TV Investing. “That reopening thematic in China is really gathering momentum for that business.”
Liu feels like daigou is about to explode again.
“[Chinese] students are yet to return to drive that daigou channel, but we know that’s coming.” Liu is sure about the influx of students because last month, the Chinese Communist Party announced that online learning from Australian universities would no longer be recognised.
A2 Milk has a “very strong balance sheet“, she added. “It really provides a really good buying opportunity post that result showing the continuation of that earnings recovery.”
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(20min delay)