A2 updated their response to the asx query and it is China governments stimulus response measures that was announced last week.
Like A2, the stimulus will greatly benefit bubs since we’re also exposed to Chinese consumer demands. ——- Here is an extract from A2’s update.
In response to these measures the China A 300 Consumer Staples index was up 27% for theweek ended 27 September 2024 with the share prices of companies operating in the dairyand nutrition sector increasing significantly over the same period, such as Ausnutria, BrightDairy, Feihe, H&H, Mengniu and Yili which increased in the range of 13% to 35%. GivenA2M's exposure to Chinese consumer demand, A2M considers this to be the most likelyexplanation for the increase in its share price last week
BUB Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
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