BUZZ-Citi flags growth for NZ's A2 Milk on peer's upbeat FY result

Reuters

03-28

BUZZ-Citi flags growth for NZ's A2 Milk on peer's upbeat FY result

** Citi highlights dairy co The A2 Milk Company ATM.NZ, A2M.AX for potential growth, following positive indicators from peer Health and Happiness (H&H) International's 1112.HK full-year results

** Says H&H's report suggests industry volume declines in the super premium segment have stabilised towards year-end, possibly reflecting the strong 2024 birth rate

** Citi emphasises significance of these results for ATM's premium Genesis line, which should benefit from potentially less price-competitive market environment

** Maintains "buy" rating; ASX-listed shares' PT of A$8.20

** ATM up 36.8% YTD

(Reporting by Kumar Tanishk and Nikita Maria Jino in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))

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ASX-listed shares' PT of A$8.20** ATM up 36.8% YTD(Reporting by Kumar Tanishk and Nikita Maria Jino in Bengaluru)((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}