Credit Suisse sticks to the view that a2 Milk Co is expanding its market share in China, as its product resonates with consumers and on the back of a significant increase in marketing spending. On a bird's eye view of the sector in China, Credit Suisse's updated modeling projects infant formula industry volumes declining -5%-7% per annum 2022-2025 inclusive. Another observation made is post the recent rally, the shares are now higher valued than global luxury goods peers, as well as ASX-listed China-focused companies. Neutral. Target $5.30. No changes have been made to forecasts.
Media Updates, page-12207
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Last
$6.46 |
Change
-0.020(0.31%) |
Mkt cap ! $4.677B | |||
| Open | High | Low | Value | Volume |
| $6.46 | $6.55 | $6.45 | $4.486M | 691.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 10727 | $6.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.46 | 10005 | 4 |
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| A2M (ASX) Chart |