ATM - A2 Milk Corporation Limited

[Balance]

I will reserve my opinion on that ...Singapore did it when its legendary PM said to businesses " You have full economic freedom but no political freedom "

But in China now politics have started encroaching on economic freedom ...which actually lead to all that economic progress ...Now the politicians want total control over all types of activity . U cant have your cake and eat it too . So called Communist country following capitalistic policies but for this long only ...they trying to go back to basics again . As not easy to digest the dichotomy . Disciplined or controlled population is a very submissive onlooker ...lets c how long it takes to wake them up fully ...though I wont be betting on it

An observation :

Corruption was rife in China until Xi came into power and took action. Few thought his crackdown would succeed given how entrenched corruption was in businesses and in party politics.

A few high profile corruption cases and bullets to the back of the head of a few extremely corrupt officials took care of corruption in China.

Companies operating in China would tell you that doing businesses in China is now relatively corruption free, so scared are government officials of being caught.

And the crackdown was supported by the population.

Point to note is this : This China government is pretty good at reading the mood of the people.

PS. At a point in time, the China government will probably decide that the Chinese people should not pay the sort of prices they are paying for foreign goods, including IF. So do you want to be exposed to a company with China as its single most important market?

[alokdhir]

What happened to SAN , Can it happen to ATM one day ??

[Balance]

What happened to SAN , Can it happen to ATM one day ??

Of course it could but at what price if it happened?

[alokdhir]

Of course it could but at what price if it happened?

Today if some strategic position taker makes an offer for 20% of equity @ $ 9 ....I think it will sail thru ...Chinese SOE can find that useful for future food security reasons etc

[dobby41]

I was in a meeting where representatives of several China companies were in NZ to pursue business opportunities many years ago.

To a question from one of our NZ exporters about politics (communism) in China and how that interacted with business (capitalist), I can recall vividly this comment from the head of the delegation : "Leave politics to the government and they will leave business alone."

Pre or post the current leader?
The Govt will leave business alone so long as it suits them.
Become too popular and things change.
There is plenty of recent evidence of that (Jack Ma and his scrapped listing (OK suspended - Ant group) being one).

To bring it back to ATM - so long as the Govt see an advantage, or at least no disadvantage, in having ATM in China they are OK. It could turn on a pin though.

[Master98]

morningstar not yet update their valuation since annual result, they must lost confidence in a2 milk, or could be themself.

[Master98]

morningstar not yet update their valuation since annual result, they must lost confidence in a2 milk, or could be themself.

"Don't Cry Over Spilt Milk Powder; a2 Milk Remains Attractively Priced Despite Inventory Writedowns" still keep NZ$10 target price.

[Balance]

Pre or post the current leader?
The Govt will leave business alone so long as it suits them.
Become too popular and things change.
There is plenty of recent evidence of that (Jack Ma and his scrapped listing (OK suspended - Ant group) being one).

To bring it back to ATM - so long as the Govt see an advantage, or at least no disadvantage, in having ATM in China they are OK. It could turn on a pin though.

Pre current leader.

[dobby41]

Pre current leader.

Things change when people change.

[dreamcatcher]

Australia vaccinations 70% mid Oct opening international 80% Nov

https://www.smh.com.au/national/nsw/...01-p58nrr.html

UBS TP $11 previous $12