"Chinese government will want to put on a strong face ahead of their Chinese new year. I wouldn't be surprised if milk/infant formula is hit before then"
Weird how NZ-China relationship seems to be strengthening - almost entirely at odds with what you keep repeating.
"Downgrade seems inevitable given management assumed a full recovery to the daigou market by 1 Jan. That clearly hasn't happened, and may never recover"
Spoken like someone with evidence. Oh wait....
Macquarie outperform no downgrade $18.90 target, page-57
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