a2 is buying 75%. The rest still will belong to Chinese
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Please see , it is just a small amount , just to hold the Ausie economy. You can see in total just a bout 1B. Very very small.
2011 COFCO Sugar Tully)Sugar QLD $146)m 100%
2011 Bright)Food)Group Food Manassen)Foods NSW $530)m 75%
2011Chinatex)Australia Food DairyHoneyBeefNZNZAustSupply)Chain)setup
2012 Shandong)Ruyi Group Cotton Cubbie)Cotton)Group QLD $277)m 80%
2012Beidahuang)Group Cropping Dennis)Joyce's)family)cropping)companiesWA $23)m 100%2012
2015Tianma)Bearing)Co WineryBeefFerngroveWollogorang and)Wentworth)stationWANT$15.5)m$47)m100%100%
2012 Shanghai)Zhongfu)Group Sugar OrdIEast)Kimberley)Expansion)ProjectWA $700)m Lease)and)develop)land)for)sugar)cane
2013 New)Hope)Investment)Fund Beef)ProcessingKilcoy)Pastoral Company QLD $60)m Majority
2013 Chevalier)Group Fruit) Moraitis)Group NSW 70%
2014 Rifa)Group Grazing Blackwood VIC $27)m 100%
2014 Goldin)Group Horse)breedingLindsey)Park SA 100%
2014 1847)wine)Co Winery Chateau)Yaldara SA $15)m 100%
2014 Hong)Kong)Yingda Investment)Co Winery Hollick)Wines SA Majority
2014 Hailiang)Group Grazing)Grazing)Hollymount)StationMount)DrivenQLDQ LD$31.5)m$10)m100%100%
2014 China)National)Machinery)Industry)CorporationDairy )processingGreenfield)ProjectDAIRY)ON)HOLDREPOSITI ONING)TO)WAGYUQLD $500)m Joint)Venture
2014 Foresun)Group BeefprocessingTabro)Meats VIC $25)m 100%
2014 Heilongjiang)Grand)Farm)Group Meat)processingV)&)V)Walsh WA Supply)Agreement
2015 Dashang)Group Grazing Glenrock)Station
https://www.news.com.au/national/pol...563b1b284970e3
Lamb just added to hit list by China.
So food is not immune.
https://www.news.com.au/finance/economy/australian-economy/china-cracks-down-on-more-australian-exports/news-story/3b311f11a0179a5aae2c74b0c3d26e75
And more restrictions on timber exports too.
Guess market is concerned that dairy will potentially be hit as well.
Someone here who analyses ATM closely maybe able to help with this question :
How much does the daigou trade out of Australia represent by way of sales and profits to ATM if China shuts that down via a dairy export ban? Seems like that is the only exposure ATM has to an Oz dairy export ban by China.
This could explain why the market is concerned about the Oz/China situation.
Regardless of the underlying reasons, fear has a grip on the share price well and truely. I'm not suggesting long holds get out now, that would be silly, the future is bright while the short/recent term has been ugly.
The chart says ATM has basically averaged sideways since 2018 which is a pain because it lends itself to momentum trading rather than a solid continuous fundamental growth story. It seems ATM is not immune to shocks and has its fair share of them for the past few years.
Its SP is currently having a good look at the multiple lows providing support over a longish term, with potential, if it doesn't bounce like right now, to test the gap to $13. Troubling times, where everyone needs to reflect on their own investing/trading strategies and try to make the best of it.
Pretty much as soon as Covid was a big deal I sold ATM for about 60% gain on fears of suppliers to China, and then watched in disbelief as it proceeded to double bag! But now it's back well under my exit and am very interested to pick a new entry. Albeit on a momentum basis, when momentum changes to the upside.
gltah.
This chart from a FY20 results presentation may give some answer for you.
Attachment 12133
If you look at the RH chart, I take it that the blue panels represent ANZ sourced IF via Daigou channels. As you can see this channel was declining from FY16, while other distribution channels were increasing.
This trend would have been more extreme post Covid and we are yet to learn how effectively the alternative channels have taken up the slack.
If there is any future Chinese action against Daigou channels, I suspect it will only serve to further strengthen the alternative channels trend shown (which also benefits the CCP owned companies tied to ATM's local distribution/production.)
I always regarded the Daigou channels as 'opportunistic' and never a long term channel so replacing this channel is actually a good move IMHO.
I also agree with Baa Baa's comments as below re short term fear and see the current SP as finely balanced with large gaps both above and below the current SP.... It's a moot point which way it will go in the short term, however, the long term view remains favourable. JMHO and I hold so am biased.
I'm not sure how a pallet of NZ made infant formula that delivered to Shanghai with stopover in Sydney's warehouse become AU made? But I guess it's a mystery of life and beyond my comprehension.
As for your question, I have a bit different understanding of the chart posted by Left_field. You can find the following information in 2020 Annual Report:
Australia and New Zealand $’000 China and Other Asia $’000 Infant formula: China label – 337,715 (brown on chart) English and other labels(1) 745,055 (blue) 341,120 (purple)
(1) Revenue is allocated based on management responsibility and usually reflects the geographical location of the Group’s wholesale customers. It is understoodthat a significant portion of the infant formula sales to customers in the Australia and New Zealand segment are ultimately consumed in China.
Based on note (1) my understanding is China label (brown) infant nutrition products that sold via mother and baby stores (MBS), modern supermarkets and domestic e-commerce retail channels. English label (purple) ANZ-sourced by Chinese based resellers and cross border e-commerce (CBEC) channels. English label (blue) ANZ retailers, ANZ-sourced by AU based resellers. So, the portion you are looking for would be partially in "blue" and "purple" parts of revenue. However, I still don't get it how China's ban on AU dairy will affect any of this?