Bell Potter who were bashing A2 previously have upgraded their rating to "Buy"...explains price rise today.
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Bell Potter who were bashing A2 previously have upgraded their rating to "Buy"...explains price rise today.
With half way through April, they should've good handle on how previous quarter ending March went and also trend into the last quarter. We shouldn't be too far away for an update from the company, be very interesting.
I guess just looking at the pattern it would be about time for the next step down, wouldn't it?
Attachment 12434
But then they say that the past is not a reliable indicator for the future ... and sometimes they are right (and often wrong ;) ).
All within 48 hours :
https://www.fool.com.au/2021/04/13/i...m-share-price/
Bell Potter has taken a more positive view on the A2 Milk share price. This is due to the belief that issues causing its recent downgrade cycle are reversing.
The report first highlights A2’s move to materially scale back its Australian infant milk formula (IMF) deliveries to address excess stock.
It notes that exports from Synlait Milk Ltd (ASX: SM1) to Australia were down 72% in the past 6 months since September 2020, relative to the 6 months to August 2020. Bell Potter said that “inventory infill appears to have materially contracted, addressing one element of the inventory build”.
In terms of Australian exports to China, the report highlights two sequential monthly gains in finished infant formula exports since the December 2020 lows. Interestingly, the broker did not expect an uplift to occur so early on, calling this an early sign of life.
https://www.fool.com.au/2021/04/14/a...t-uncertainty/
According to a report in yesterday’s The Australian, as a result of Australia’s delayed vaccine rollout for COVID-19, the country appears unlikely to reach herd immunity by the end of 2021 and therefore not open its borders to international students.
https://www.shortman.com.au/stock?q=A2M
Shorters continue to cover, providing short term price support.
Chinese Diary companies SP's rally after government announcement that it should remove all birth control to encourage people to have more children. See it here.
Interesting - which part of my post did you not understand?
I guess looking at the Chinese population pyramid is not that hard and most people even might know that women between 20 and 40 are most likely to be able to bear offspring ... Oops - I hope this is not too shocking news for you, isn't it :scared::
Add to that that many of the even still available princesses in child bearing age don't really want to go through the process anymore - and certainly not more often than once.
Just connect the dots and (depending on your desires) your amusement levels might drop :p - or alternatively - just keep your head stuck in the sand ... though - laughing while the head is stuck in the sand might be an unpleasant experience as well ...