NZ's A2Milk gains; Bell Potter lifts PT on FX tailwinds

A2 Milk

15/10/2025 24:47

** Shares of New Zealand's A2 Milk ATM.NZ rise 1.6% to NZ$10.57, highest since early September

** Dairy firm's Australia-listed shares A2M.AX gain 0.8%
** Analysts at Bell Potter raise PT to A$9.60 from A$7.85; maintain "hold" recommendation
** Say rapid deterioration of the New Zealand dollar against its Australian counterpart and Chinese yuan creating a tailwind for FY26-28 forecasts
** Raise NPAT expectations by 1%, 4% and 6%, respectively, for FY 26, 27 and 28
** Rapid devaluation in the NZD against A2M's functional currencies creating scope for upside to FY26 revenue estimates - Bell Potter
** A2 Milk's NZ stock has gained ~68%, YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com))