The a2 Milk Co Ltd
ATM: XNZE (NZL)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| >.r | LOCK|>$^! | LOCK|Yt?<g> |
A2 Milk: Market Mistakes Fewer China Births for a Poor Outlook
The outlook for infant formula volume growth in China is relatively bleak. Birth rates have fallen for a number of years, exacerbated by Covid-19. In addition, temporary supply constraints with manufacturing partner Synlait are set to weigh on fiscal 2025 sales volumes.
