A2M 1.71% $5.94 the a2 milk company limited

As the goal of tax includes raising revenue and a sort of...

  1. 257 Posts.
    lightbulb Created with Sketch. 5
    As the goal of tax includes raising revenue and a sort of protection to local producers. For items such as IF, there are a huge potential market especially for China. Thus the elasticity of demand is inelastic, don't you see that even A2 IF charges a premium price, the sales remains. Such high demand imported goods are supposed to be taxed more heavily comparing to elastic goods.

    However, the situation in China is complication. In a normal situation, China's local producer should be able to produce and compete with foreign brands but everyone knows how bad the local products are. IMO this is the reason why they are willing to 'temporarily'(?) decrease the import tax to 0, as a compensation.
 
watchlist Created with Sketch. Add A2M (ASX) to my watchlist
(20min delay)
Last
$5.94
Change
0.100(1.71%)
Mkt cap ! $4.294B
Open High Low Value Volume
$5.83 $6.00 $5.82 $9.602M 1.620M

Buyers (Bids)

No. Vol. Price($)
1 66 $5.88
 

Sellers (Offers)

Price($) Vol. No.
$5.95 14542 2
View Market Depth
Last trade - 16.10pm 25/04/2024 (20 minute delay) ?
Last
$5.94
  Change
0.100 ( 1.88 %)
Open High Low Volume
$5.82 $6.00 $5.82 743785
Last updated 15.59pm 25/04/2024 ?
A2M (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.