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A2M

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0.47%

$6.42 the a2 milk company limited

See challenging market conditions... what market conditions.. a2...

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EtDawg

383 Posts.

14

28/04/23

09:21

Post #: 67495949
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Originally posted by werdplaya58: ↑

Adding a couple more broker updates.

Morgans has a HOLD on A2M and slightly lower price target $6.05.

"A2M has responded to SML’s profit downgrade (another one) today with a slight revision to its own sales guidance largely due to continued weakness in the ANZ Daigou market (its highest margin IF product). With uncertainty around SAMR approval and challenging market conditions, the fact that A2M has only slightly revised its revenue guidance, is potentially not as bad as feared."

"While we think SML/A2M should eventually get SAMR approval, we retain a Hold rating. A2M is trading on full multiples and earnings uncertainty remains heading into FY24 given the challenging market conditions are likely to persist while industry participants await SAMR approval and China’s birth rate remains weak."

Bell Potter has a HOLD and price target $5.95 (haven't seen the report).

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See challenging market conditions... what market conditions.. a2 has stated will be growth so what a joke.

A2M Price at posting: $5.41 Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last $6.42		Change -0.030(0.47%)		Mkt cap ! $4.648B

Open	High	Low	Value	Volume
$6.50	$6.52	$6.41	$5.011M	777.6K

Buyers (Bids)

No.	Vol.	Price($)
2	6632	$6.41

Sellers (Offers)

Price($)	Vol.	No.
$6.44	300	1

View Market Depth

No.	Vol.	Price($)
2	6632	6.410
2	238	6.400
2	3466	6.390
5	37541	6.380
2	12519	6.370

Price($)	Vol.	No.
6.440	300	1
6.450	13430	2
6.460	10896	3
6.470	8430	2
6.480	7430	1

Last trade - 16.10pm 14/10/2024 (20 minute delay)

A2M (ASX) Chart

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