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    ATM   NZATME0002S8

THE A2 MILK COMPANY LIMITED

(ATM)
  Report
End-of-day quote New Zealand Stock Exchange  -  2022-10-02
6.110 NZD   -0.16%
09/13No Two Ways : Nestlé Blocks Opposition By A2 Milk In Singapore
AQ
09/12Australian shares hit over 1-week high on miners boost
RE
08/31UBS Adjusts The a2 Milk Company's Price Target to NZ$9.45 From NZ$9.50, Keeps at Buy
MT
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Australian shares end lower as tech stocks drag; focus on U.S data

08/10/2022 | 02:51am EDT

* ASX closes lower

* A2 Milk tumbles 7.5%, among top losers on NZX50

* Financials only gainers on ASX

Aug 10 (Reuters) - Australian shares tracked tech stocks and miners to close lower on Wednesday as investors waited for U.S inflation data later in the day to gauge the Federal Reserve's stance on further monetary policy tightening.

The S&P/ASX 200 index ended 0.53% lower at 6,992.7. The benchmark rose 0.13% on Tuesday.

Technology stocks tumbled 3.8% to lead the losses following sharp declines overnight in their Wall Street peers.

"The equity market seesawed today as traders digested the resurgence of recession talk from the Wall Street tech sector last night" said Hebe Chen, market analyst at IG Markets.

ASX-listed shares of Block Inc fell 6.04%.

Global markets have wavered this week ahead of U.S inflation reading that could provide clues on whether the Fed would embrace another super-sized interest rate hike in September.

Miners lost 1% on falling iron ore prices as uncertainty over demand prospects in top steel producer China kept traders cautious.

Iron ore behemoths BHP and Rio Tinto fell nearly 1.3% and 0.2%, respectively.

Financial stocks jumped 0.5% and were the only gainers on the benchmark, with three of the big four banks ending in positive territory.

Commonweath Bank of Australia slipped 0.3% after saying spiralling cost-of-living pressures had started to hit consumer confidence.

"I won't be surprised if ASX traders chose to stay in an extra cautious manner by the end of this week," Chen added, linking it to jobs data next week that is likely to give cues on the Reserve Bank of Australia's path on rate hikes.

In New Zealand, the benchmark S&P/NZX 50 index closed down 0.01% at 11752.09.

A2 Milk was among the top losers, tumbling 7.5% after the U.S. Food and Drug Administration (FDA) deferred its request to sell infant milk formula products in the country. (Reporting By Navya Mittal in Bengaluru; Editing by Sriraj Kalluvila)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ACCENT GROUP LIMITED 6.30% 1.35 Delayed Quote.-47.76%
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.07% 0.6509 Delayed Quote.-11.82%
BHP GROUP LIMITED 3.81% 40.07 Delayed Quote.17.38%
BLOCK, INC. 1.44% 55.78 Delayed Quote.-65.46%
BRITISH POUND / US DOLLAR (GBP/USD) 0.16% 1.1353 Delayed Quote.-17.51%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) 0.20% 0.7352 Delayed Quote.-8.62%
COMMONWEALTH BANK OF AUSTRALIA 4.61% 94.79 Delayed Quote.-10.20%
EURO / US DOLLAR (EUR/USD) 0.27% 0.98612 Delayed Quote.-13.87%
IG GROUP HOLDINGS PLC -0.13% 762.5 Delayed Quote.-6.21%
INDIAN RUPEE / US DOLLAR (INR/USD) 0.11% 0.012284 Delayed Quote.-8.63%
NAVYA -6.96% 0.1765 Real-time Quote.-91.43%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.01% 0.57182 Delayed Quote.-18.17%
RIO TINTO PLC 0.90% 4940 Delayed Quote.0.98%
S&P GSCI CLASS III MILK (USD) 3.64% 162.3386 Real-time Quote.-0.43%
S&P/ASX 200 3.75% 6699.3 Real-time Quote.-13.04%
THE A2 MILK COMPANY LIMITED -0.16% 6.11 End-of-day quote.3.04%
All news about THE A2 MILK COMPANY LIMITED
09/13No Two Ways : Nestlé Blocks Opposition By A2 Milk In Singapore
AQ
09/12Australian shares hit over 1-week high on miners boost
RE
08/31UBS Adjusts The a2 Milk Company's Price Target to NZ$9.45 From NZ$9.50, Keeps at Buy
MT
08/30Australian shares close higher on energy, tech boost
RE
08/29The a2 Milk Company Limited Reports Earnings Results for the Full Year Ended June 30, 2..
CI
08/29Transcript : The a2 Milk Company Limited, 2022 Earnings Call, Aug 29, 2022
CI
08/29The a2 Milk Company Limited authorizes a Buyback Plan.
CI
08/28Australian shares slip on Powell comments, Fortescue drags on subdued earnings
RE
08/28The a2 Milk Company Limited Provides Earnings Guidance for the First Half of 2023 and F..
CI
08/28The a2 Milk Company Limited announces an Equity Buyback for 37,180,621 shares, represen..
CI
More news
Analyst Recommendations on THE A2 MILK COMPANY LIMITED
More recommendations
Financials
Sales 2023 1 594 M 913 M 913 M
Net income 2023 148 M 84,8 M 84,8 M
Net cash 2023 700 M 401 M 401 M
P/E ratio 2023 29,2x
Yield 2023 -
Capitalization 4 544 M 2 603 M 2 603 M
EV / Sales 2023 2,41x
EV / Sales 2024 2,12x
Nbr of Employees -
Free-Float 96,2%
Chart THE A2 MILK COMPANY LIMITED
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The a2 Milk Company Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends THE A2 MILK COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Last Close Price 6,11 NZD
Average target price 6,62 NZD
Spread / Average Target 8,29%
EPS Revisions
Managers and Directors
David L. Bortolussi CEO, Managing Director & Director
David Lovat Hearn Chairman
Shareef Khan Chief Operations Officer
Julia Cecile Hoare Deputy Chairman
Warwick Lynton Every-Burns Independent Non-Executive Director