My view is that A2M is a very good company, and they have got a very good supply base from 2 companies in New Zealand, one of which they have substantial shares in.
Milk powder made from New Zealand Milk is viewed as a superior product in China, A2M is seen as a superior product in China.
A2M is the highest growth brand of Milk powder in China. The China market is a fast growing one, with lots of people joining the middle class and many regional provinces who A2M can grow into
A2M is growing at 70% and trade on a 40x 2018 earning, if it only grow at 50% next year, it will trade at 26x 2019 earning. A2M has a history of beating estimates, sometimes by a significant amount.
Time is on our side
Chart Update, page-179
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Last
$6.85 |
Change
-0.060(0.87%) |
Mkt cap ! $4.952B | |||
| Open | High | Low | Value | Volume |
| $6.83 | $6.87 | $6.78 | $8.532M | 1.250M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2151 | $6.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.85 | 27162 | 5 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| A2M (ASX) Chart |