Top fund manager says A2 Milk could double or triple its market share
One leading fund manager that appears to agree is Ophir Asset Management. Its Director and Portfolio Manager, Andrew Mitchell, recently told Livewire Markets that he believes a2 Milk Company has a “huge runway” and could double or even triple its Chinese market share in the future. According to the Livewire podcast, the fund manager notes that the premium end of the Chinese infant formula market continues to grow even during the pandemic. This is because Chinese families are not cutting back on infant formula in difficult times. This is a big positive for a2 Milk Company and offers “downside protection” during periods of time like those we are experiencing at present.
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