Have not seen the supposed Citi downgrade but how can you take it seriously when yesterday morning they posted this positive article.... Talk about being two faced, perfect way affect your credibility if the downgrade is true as they took less than 24hrs to do a complete 180. I suppose if all makes sense with the rising number of A2 shares shorted and where Citi would like to SP to go to profit from it.
Miners and other exporters to lead profit growth
With commodity prices remaining high, Australia's biggest company BHP is expected to mirror last week's bumper profit from Rio Tinto.
Companies in other sectors that are also reliant on China are likewise tipped to do well.
"Among them will be Treasury Wines, then there's the makers of baby formula Bellamys, and A2 Milk, which is a New Zealand company incidentally but listed here," Citi Research head of equities Tony Brennan said.
"They'd be two areas where individual stocks stand out."
Then there's the United States, where strong economic growth combined with the weaker Australian dollar should help Aussie companies who operate in the US.
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