It's not really about the wealthy Chinese.
It's about the middle class - those with 4 grandparents on a state pension that have 1 grandchild to spoil. There is only so much you can spend on Australian salmon and wine.
If they had 2 or 3 or 4 grandchildren there's still going to be some money left for good milk powder because which grandparent doesn't want to spoil their grandchildren and give them the best? Maybe it's time to short TWE and TGR to buy A2M?
Ah! Finally a great news at Bloomberg, page-30
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Last
$6.77 |
Change
0.130(1.96%) |
Mkt cap ! $4.894B | |||
| Open | High | Low | Value | Volume |
| $6.63 | $6.77 | $6.63 | $10.00M | 1.485M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2420 | $6.76 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.77 | 37726 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| A2M (ASX) Chart |