25/03/2025 09:48

A2 Milk Ltd (A2M) $8.05

A2M experienced a significant re-rating in February after delivering a stellar result, with revenue surpassing expectations by 10%. Given A2M's strong execution, we now expect further market share gains in both China, Australia, and New Zealand – note that around 67% of FY24 revenue was generated from China.

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17/02/2025 16:45

A2 Milk (A2M) $7.12

A2M +19.66%: Had a strong day on the back of a very good 1H25 result, which demonstrated great execution across all aspects of the business. Revenue was 10% higher than expected driving bigger earnings beat and we’ll likely see chunky upgrades filter through on FY25 estimates.

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22/11/2024 17:09

A2 Milk Company (A2M) $5.45

A2M +13.31%: Impressed the market today with a slight change in their strategy, announcing a maiden dividend at their AGM. The company announced its expecting mid-high single digit revenue growth in the full year.

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10/10/2024 09:04

A2 Milk Co Ltd (A2M) $6.35

Auckland-based A2M has been volatile over recent years, but it’s generally impressed in 2024, advancing +49% year-to-date. However, the stock fell over 20% in August after disappointing the market with its FY24 result, but China's stimulus rekindled the market's appetite for the stock with over 60% of revenue comes from the world 2nd largest economy - the surge three weeks ago even drew a price query from the ASX.

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27/02/2024 09:12

a2 Milk Co Ltd (A2M) $5.91

a2 Milk Co Ltd (A2M) has surged since mid-January, helped by a solid 1st half, which beat consensus estimates, and saw first-half profits jump +16%, e.g. revenue grew 3.7% to $NZ812m while profit of $NZ85.3m was a 15% beat to expectations.

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19/02/2024 16:58

A2 Milk (A2M) $5.68

A2M +12.48%: despite a challenging China market backdrop, A2 Milk delivered a strong 1st half and beat consensus estimates, sending the stock higher today. Revenue grew 3.7% to $NZ812m while profit of $NZ85.3m was up 16%, a 15% beat to expectations.

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21/08/2023 17:23

A2 Milk (A2M) $4.27

A2M -13.56%: FY23 results out today for the milk products business were largely as expected, however, shares struggled on weaker guidance, falling to 12-month lows.

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07/06/2023 09:15

a2 Milk Co Ltd (A2M) $5.44

A2M enjoyed a rare return to the winner’s enclosure yesterday closing up +1.9% but it did surrender around 75% of its early morning gains following the news that its NZ-based manufacturing partner Synlait Milk had received approval from Chinese authorities to sell its China-label baby formula. Production should start later this month generating a solid boost for A2M’s earnings next FY.

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19/04/2023 09:21

A2 Milk Co Ltd (A2M) $5.90

We saw this dairy business endure a substantial hit to its earnings in 2020 as COVID caused an end to international travel which closed off its daigou Chinese sales channel. With Beijing now reopening its economy in earnest, following its failed COVID zero policy, and students being almost forced back to overseas study we look set to see a reopening of this daigou channel.

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20/02/2023 16:31

A2 Milk (A2M) $6.49

A2M -8.59%: the milk products company struggled today after disappointing outlook comments at their 1H result. Revenue of $783m was in line with expectations while Net Profit After Tax (NPAT) was around 5% below consensus, coming in at $74m vs $77m expected.

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