A2 sees green shoots in daigou trade

Wed, 18 Nov 2020

A2 Milk is already seeing some “very early signs of improvement” in recent weeks in its daigou channel, which key to meeting its latest guidance.“We have seen some very early green shoots, but it’s very early days,” said acting chief executive Geoff Babidge. He noted market intelligence points to very low inventory in the daigou channel, which means “at some point in time there will be some restocking,” helping bolster the the firm's second half earnings. In late September, the company said it...

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