I found the report positive even while acknowledging the new cultural acceptance of Chinese brands. As it now says A2 recognizes in a level playing field its all about branding. They say they have this. The channels of access to the milk seem narrow but they do not express concerns. Bubs is not cows mild so has advantages. I would like to see way more detail and the responses to questions from analysts. Comparing results with other foreign brands in China would be useful.
Ann: The a2 Milk Company Investor Day 2021, page-74
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