A2M 0.34% $5.92 the a2 milk company limited

OPINIONThe Aussie stocks tipped to snap back after pandemic...

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    OPINIONThe Aussie stocks tipped to snap back after pandemic routJohn CollettPersonal finance editorOctober 26, 2021

    There is a feeling that the world is finally turning the corner. If the pandemic is not behind us, vaccines are enabling lockdowns to become a thing of the past, with economic growth returning.When it comes to the Australian sharemarket, there are more reasons for investors to be optimistic than pessimistic.

    Fortescue Metals Group could see its share price climb if iron ore prices rebound.CREDIT:FAIRFAXMoney asked three sharemarket experts for their best stock tips of good businesses with strong managements whose earnings and share prices are expected to improve after being rocked by the pandemic.

    The a2 Milk company (A2M/ASX) is favoured by both Michael **le, managing director of Fairmont Equities, and Chris Conway, executive director of investment newsletter Marcus Today.The Australian and New Zealand-listed baby formula and fresh milk company has reported weaker-than-expected sales in China and has had “everything thrown at it”, **le says. “It has got to a point where all of that is priced in [to its share price],” he says.“Daigou” channels, where local buyers purchase milk products and send them to China – significant for a2 Milk profits – were disrupted by COVID-19, but are set to recover as international borders reopen, **le says. It would take only one piece of positive news to “lead to a pop in the share price”, he says.
 
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Last
$5.92
Change
-0.020(0.34%)
Mkt cap ! $4.279B
Open High Low Value Volume
$5.87 $5.98 $5.87 $20.08M 3.396M

Buyers (Bids)

No. Vol. Price($)
3 16080 $5.92
 

Sellers (Offers)

Price($) Vol. No.
$5.95 1782 1
View Market Depth
Last trade - 16.10pm 26/04/2024 (20 minute delay) ?
Last
$5.94
  Change
-0.020 ( 0.01 %)
Open High Low Volume
$5.90 $5.98 $5.87 422396
Last updated 15.59pm 26/04/2024 ?
A2M (ASX) Chart
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