BUZZ-ASX-listed a2 Milk rises after Citi flags tailwinds from China's growth plan

Reuters

03/06

** ASX shares of New Zealand-based a2 Milk Company A2M.AX rise as much as 0.6% to A$9.97, highest since February 24, 2021

** Citi says China's draft outline for 15th Five-year Plan, focusing on "childbirth-friendly society", should be tailwind for co

** Adds government will continue to expand childcare subsidies, introduce new targeted housing incentives for families with two or more children

** Notes 15th Five-year Plan focuses on "silver economy", beneficial to sales of co's infant formula, seniors products

** Stock rated "buy" on avg; median PT is A$9.6, per data compiled by LSEG

** YTD, A2M up 7.4%

(Reporting by Aamir Sheik Khalid in Bengaluru)

((Aamir.SheikKhalid@thomsonreuters.com))

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