NZ's a2 Milk faces worst day in nearly 1-1/2 years on China birth rate fall

A2 Milk

19/01/2026 03:35

** Shares of New Zealand's a2 Milk ATM.NZ slip as much as 13.9% to NZ$9.50, their lowest level since September 26, 2025

** Auckland-headquartered dairy firm set for weakest trading session since August 19, 2024, if current losses hold

** Trading halted in co's shares on ASX

** Total number of births in co's key market, China, falls to its lowest level in decades

** "Multiples are too high with China's birth rate weakening," says Mathan Somasundaram, CEO at Deep Data Analytics, adding that ATM offers Chinese retail exposure

** Stock down 9.6% in January so far

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))