2314 GMT - The a2 Milk Company's 1H result is likely to prompt market watchers to raise their earnings forecasts, Wilsons analysts reckon. They tell clients in a note that the dairy products manufacturer is progressing well against its strategic priorities, and gaining market share in China across multiple channels. This shows effective brand management, they say. Operating cashflow was much stronger than Wilsons had expected, helped by the timing of inventory purchases and marketing activities. Wilsons is reviewing its market-weight rating on the stock. Shares are at A$5.95 ahead of the open. The company's New Zealand-listed stock is up 13% at NZ$7.45. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 16, 2025 18:14 ET (23:14 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。