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)
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