Citi cautious on A2 Milk following expectations of weak H1 for rival China Feihe

China Feihe

11/07/2023 22:48

** Citi slightly cautious on New Zealand's A2 Milk  ATM.NZ 
ahead of expectations of a weaker H1 for rival China Feihe
 6186.HK  
    ** Brokerage cautious on A2 Milk on expectations of
declining birth rate in China
    ** Citi sees downside risk to company's sales in China and
other Asian countries
    ** A2 Milk's recent China execution appears to have been
sound despite birth rate pressures translating to a challenging
industry backdrop - Citi
    ** A2 Milk's shares down 26.8% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com))