a2 may be able to sell same amount of milk formulas but they are not going to grow at double digits again
too much competition from both Australian milk companies and also Chinese owned one...
the sentiments has changed ... prior to covid there is a lot of mistrust to Chinese owned companies by the Chinese population... however, now they are seeing things differently and Chinese milk companies are actually growing their market share
Ann: 1H21 Results Presentation, page-222
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