A2 Milk demand has been severely impacted by Covid. The lack of international students in Australia who buy and then sell the infant formula back to China (the Daigou channel) has hurt A2M and Synlait. Only once international students begin to return can the Daigou channel restart. Victoria doesn't plan on bringing back international students until 2022... other states may do the same. it could be a while until A2M and Synlait return to making large profits again. However, I think these stocks are good for long term opportunities. I'm hoping that after A2M reports on 25/02/21 that the market reacts badly, then capitulates, and that's the best time to buy.
A2 Milk demand has been severely impacted by Covid. The lack of...
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Last
37.0¢ |
Change
0.020(5.71%) |
Mkt cap ! $223.1M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 37.0¢ | 35.0¢ | $3.581K | 9.906K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5383 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.0¢ | 11193 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| SM1 (ASX) Chart |