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SML - Synlait Milk News Story

NZD3.73 -0.0  -0.8%

Last Trade - 30/07/21

Consumer Defensives
Mid Cap
Market Cap £409.3m
Enterprise Value £659.5m
Revenue £706.2m
Position in Universe 341st / 1946

BUZZ-More kids please: a2 Milk, Synlait set for weekly milestones after China changes policy

Fri 4th June, 2021 3:12am
** a2 Milk Company  ATM.NZ  and Synlait Milk  SML.NZ  are
set for their best week in months after China, a top market,
moves toward a three-child policy 
    ** a2 Milk is set to gain ~3.7% in its best weekly showing
since early-March, a significant turn for the dairy company that
has lost more than half its value over the past six months
    ** Synlait, in which a2 is a shareholder and its top
customer, is heading for its best week since early April last
year, climbing more than 10%
    ** While both companies have struggled with supply
disruptions caused by the pandemic to their key market, China,
a2 has been worst hit due to its reliance on an informal supply
    ** a2 Milk suffered six straight months of sharp declines up
to May, and flagged last month that declining birth rates in
China were also a concern
    ** What changed this week was Beijing's decision to let
married Chinese couples have up to three children, a major shift
from the existing limit of two*:nL2N2NI0CX
    ** a2 Milk, however, dipped 0.3% on Friday, while Synlait
rose 2.5%; the broader New Zealand market  .NZ50  was up 0.3%

 (Reporting by Nikhil Kurian Nainan)
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