Opinions
Jason Del Vicario
The a2 Milk Company
A2M-ASX
PAST TOP PICK
Jul 05, 2022
(A Top Pick Jun 01/21, Down 19%) Been challenging, though has added at lower levels recently. They had huge challenges in Covid, namely selling infant formula to China which was shut down of course. A2M recently launched in Canada, so he's optimistic they will return to pre-Covid profits. But this turnaround is taking time. Likes the brand, but is getting a little impatient.
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Stock price when the opinion was issued
agriculture
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TOP PICK
They have a 11% market share in milk in New Zealand. Their milk is unique, containing the a2 protein (which may offer health benefits). Also are very successful selling baby infant formula in China. They had an ADR on the US exchange (ACOPF). He bought this on the Australian exchange, because it's more liquid than the NZ one. The stock is down 30% because of Covid problems shipping product to China. He just added to his holding.
agriculture
TOP PICK
AUD $6.89 Has picked this before. It's the first company to bring the A2 protein-only milk to market, which is supposed to be better for digestion. They struggled during Covid, because a major revenue generator were Chinese students and tourist buying A2's infant formula and re-selling them in China. He feels this is a short-term issue and A2 will recover. Shares have been beat up, so he's been adding to it. It occupies 2% of his portfolio, so keep your holding small. Prospects are excellent.
agriculture