a2 Milk still a neutral bet as it readies for maiden dividend

a2 Milk CEO David Bortolussi. (Image: A2 Milk).

Mon, 03 Feb 2025

Forsyth Barr analysts don’t expect any major surprises in the first-half result of NZX-listed The a2 Milk Company (ATM), given the latest data from research group Kantar.The data for a2 Milk’s first half highlights low single-digit growth, with a strong gain in market share in the second quarter, mainly from China Label. Growth, however, is slightly below consensus infant formula expectations, said Forsyth Barr analysts Matt Montgomerie and Benjamin Crozier.“However, given data volatility, ATM’s track record of...

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