NZ's Synlait Milk gains; Bell Potter lowers target price on A2Milk competition

Synlait Milk

31/07/2025 03:00

** Shares in New Zealand's Synlait Milk SML.NZ rise 3.3% to NZ$0.62 after 7.7% drop in previous session

** Dairy producer on Wednesday said it expects FY25 underlying EBITDA of NZ$100 million ($59.04 million) - NZ$110 mln, around Bell Potter's estimate of NZ$108.5 mln

** Bell Potter stick to "hold" call on stock, but lowers PT to A$0.585 from A$0.92

** Lowers estimate for volumes in co's nutritional business and cuts EBITDA FY25 forecast by 4%

** Brokerage says potential for larger rival A2Milk ATM.NZ to vertically integrate into supply chain assets throughout 2025

** Stock up ~42.5% YTD

($1 = 1.6938 New Zealand dollars)

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com;))