nothings changed and there were no surprises... good result as per normal.
The theory that A2 will always land at the top of their guidance remains in tact and Analysts sales expectations were beaten.
They were effectively (not literally) given a few months to selldown all the old label product in China and can only introduce new label to the shelves from a certain date, there is no real option to simultaneously sell both labels on the shelves in the 9,100 Chinese Mother and Baby Stores that stock A2 IF. old labels do not meet new regulation requirements and there is a small window where both the new and old label can co-exist on shelves... but if you decide to sell both you risk selling new labels instead of old possibly leaving many millions of worthless inventory on hand.
a2 Platinum is now stocked in over 9,000 Mother & Baby stores in China (was 6,700 at 1H18 result).
Disc: own a lot of A2 and not selling anytime soon.
My partner is half Chinese with parents in China and sister ( a daigou ) in Australia
All of whom are heavily invested in A2M.
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Originally Posted by bull....
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