I am not sure how many years have they been heavily investing marketing in China and USA?If the demand of IF in China is VERY STRONG, It would more than offset the loss of sales opportunity with the Daigou.I dont get their version of the story.Did you see how high is the inventories as at 31 Dec 2020?What happened to Fonterra? No news.What are they doing in the USA?
Selling fresh milk to more stores.For what? Net Loss YOY. What a waste!
They have entered the US markets since 2015. Until now no IF. Until now no dividend.
Enough of covid excuses.
Take Notice! I have just confirmed with a2 they have 29931 authorised retailers in China, page-30
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