The A2 Milk Company: Shaken, Not Stirred; Upgrade to NEUTRAL
We upgrade our ATM rating to NEUTRAL from UNDERPERFORM following recent share price weakness in what we view as a more balanced risk/reward; Risks...
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The A2 Milk Company (ATM): Slight FY23 EBITDA Downgrades Likely
The a2 Milk Company (ATM) has this morning provided commentary following Synlait Milk’s (SML) profit downgrade, which states that in ATM’s two...
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The A2 Milk Company: 1H23 Result — Crawling Ahead
The a2 Milk Company's (ATM) 1H23 result continues to highlight its success and discipline controlling the controllables; Brand health metrics and,...
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The A2 Milk Company (ATM): 1H23 Result – Initial Impressions
The a2 Milk Company (ATM) reported a solid 1H23 result, with EBITDA of NZ$107.8m and NPAT (including the MVM non-controlling interest) of NZ$68.5m...
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The A2 Milk Company: 1H23 Preview — Looking to SAMR & Guidance
We expect The a2 Milk Company (ATM) to report a 1H23 result showing solid growth across the board, driven by the inventory rebalancing impacts in...
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