New Zealand Professional Investment Services Firm

Forsyth Barr

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

New Zealand Professional Investment Services Firm, Forsyth Barr

Equity Bottom-Up

<ul><li>Kantar data on the China Infant Formula (IF) market, for the four week period ended 9 August 2024, shows a mixed start to FY25 for The a2 Milk Company (ATM).</li><li>Value in the four week period was ATM's lowest in absolute terms since February 2024, albeit up +33% year-on-year given the weak prior period.</li><li>Market share of 7.3% is below the strong prior two months of ~8.5% and ATM's 12-month rolling average of 7.6%. </li></ul>

Kantar data on the China Infant Formula (IF) market, for the four week period ended 9 August 2024, shows a mixed start to FY25 for The a2 Milk Company (ATM).Value in the four week period was ATM's lowest in absolute terms since February 2024, albeit up +33% year-on-year given the weak prior period.Market share of 7.3% is below the strong prior two months of ~8.5% and ATM's 12-month rolling average of 7.6%. 

The A2 Milk Company - Kantar Data — Mixed Start to FY25 External Inbox Updates

A2 Milk Co Ltd

The A2 Milk Company - Kantar Data — Mixed Start to FY25 External Inbox Updates