A2M 0.87% $6.85 the a2 milk company limited

According to the Australian Financial Review A2M did make a...

  1. 63 Posts.
    lightbulb Created with Sketch. 15
    According to the Australian Financial Review A2M did make a comment on the news (although not an announcement). See below:

    A2 and Bellamy’s executives were studying the Chinese plan and its near-term ramifications on Tuesday morning.

    An A2 spokesman noted no new regulations had been proposed, or amendments to existing rules. Industry insiders said three points of context are important.

    First, China has long expressed a desire for its local industry to improve its market position, which was badly damaged in 2008 when formula was found to be contaminated with melamine. Indeed, the local sector’s share back in 2007 was about 60 per cent. It’s notable that the plan calls for Chinese media to support local players and build consumer confidence in them.

    Second, China won’t want to risk upsetting consumers too much by pushing imports out of the market completely.

    Third, there is a trade war overlay at play here. It does appear the plan has been sitting on the shelf for a few weeks, and some suggest the timing of its release – as China and the US struggle to find common ground on trade – is political and not aimed at Australia.

    Here is the link to the full article:https://www.copyright link/chanticleer/china-wipes-1b-from-a2-milk-20190604-p51u8q
 
watchlist Created with Sketch. Add A2M (ASX) to my watchlist
(20min delay)
Last
$6.85
Change
-0.060(0.87%)
Mkt cap ! $4.952B
Open High Low Value Volume
$6.91 $6.93 $6.81 $7.337M 1.070M

Buyers (Bids)

No. Vol. Price($)
1 4252 $6.84
 

Sellers (Offers)

Price($) Vol. No.
$6.86 10763 3
View Market Depth
Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
A2M (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.