A2 Milk may have a better day

(Image: Getty)

Mon, 03 Oct 2022

A2 Milk may fare better on the stock market today after renewing its import and distribution arrangements with China State Farm Agribusiness Holding Shanghai Co (CSFA) for a term of five years from Oct 1. The company's shares fell 0.7% to $6.12 on Friday and have shed 7.3% over the past 12 months. That's well off the 2020 peak of $21.50 as the company struggled when the covid-19 pandemic caused massive disruption to the daigou or reseller channel.Peter McIntyre, an investment adviser at Craigs Investment Partners, said investors we...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Stay informed on business, government and financial developments across New Zealand.
Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Markets Market Close

NZ sharemarket ends week up 0.5%

The S&P/NZX 50 Index closed at 12,995.01, up 66.63 points.

Graham Skellern 6:10pm

Markets

Minority investors need stronger protection – NZSA

Hotels takeover offer shows need for minority shareholders voting regime.

Rebecca Howard 4:00pm

Minority investors need stronger protection – NZSA

Technology

Nvidia chip flow to China 'should be throttled post-DeepSeek'

Bipartisan leaders of a congressional committee want export controls tightened.

The Wall Street Journal 2:45pm

Nvidia chip flow to China 'should be throttled post-DeepSeek'

Sponsored

Shining bright: Why gold matters today

The “great wealth store” remains a smart portfolio choice in 2025.

Smart

Sponsored

Why Kiwis are embracing Bitcoin ETFs

The once hard-to-access investment option is becoming mainstream.

Smart

More Primary Sector

Primary Sector

Zhiqiang Li takes helm as acting CEO of Westland Milk Products

Zhiqiang Li has taken the helm as acting chief executive of Westland Milk Products, effective today.The move follows the resignation of former CEO Richard Wyeth.Li will continue as executive director of Yili Group in Australia and New Zealand.Li said Wyeth joined the company four...

Rebecca Howard 12:45pm