There is also this update to digest from a couple of days ago: https://www.moneymorning.com.au/20200118/us-china-trade-deal-is-bad-news-for-these-asx-stocks.html
Aligns with mcexplorers comment above - AU/China relations needs to improve otherwise if things stay the same, essentially AU companies will go backwards relative to equivalent US companies.
"Without Chinese demand A2 almost certainly wouldn’t be as big as they are today.A fact that many have taken notice of.That’s why today we now have a plethora of baby formula companies on the ASX. Stocks like Bubs Australia Ltd [ASX:BUB], Synlait Milk Ltd [ASX:SM1], and the recently bought-out Bellamy’s."
"After all, we saw China crackdown on imported formula last year. Imposing new rules to restrict the supply and sales of these products. Through both direct channels and the infamous ‘daigou’. A common form of onselling between local and international Chinese.As it stands, Australian suppliers are still subject to these stricter terms.Conversely, US suppliers will not be. Once the trade deal comes into effect, anyway."
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Open | High | Low | Value | Volume |
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---|---|---|
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Price($) | Vol. | No. |
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50 | 3840921 | 0.125 |
64 | 3768414 | 0.120 |
29 | 1850883 | 0.115 |
36 | 820126 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.135 | 529663 | 23 |
0.140 | 705916 | 20 |
0.145 | 453525 | 13 |
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