A2 Milk Doing Well in Challenged Markets -- Market Talk

Dow Jones

2024/09/12

0040 GMT - A2 Milk is doing well in a challenged market, says Morgan Stanley, but its stock looks fairly valued right now. MS starts A2 Milk at equal-weight with a A$5.90/share price target, highlighting a record of gaining market share and improving the quality of its earnings. Still, significant risks remain, analyst Julia M. de Sterke says. They include challenging conditions in China's infant milk formula market and the stability of A2 Milk's supply chain. "A de-rating post FY 2024 results has reset valuation multiples to levels that we believe capture the risks we see as evident in the business," MS says. A2 Milk is down 0.5% at A$5.61 today. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

September 11, 2024 20:40 ET (00:40 GMT)

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MS starts A2 Milk at equal-weight with a A$5.90/share price target, highlighting a record of gaining market share and improving the quality of its earnings. Still, significant risks remain, analyst Julia M. de Sterke says. They include challenging conditions in China's infant milk formula market and the stability of A2 Milk's supply chain. \"A de-rating post FY 2024 results has reset valuation multiples to levels that we believe capture the risks we see as evident in the business,\" MS says. A2 Milk is down 0.5% at A$5.61 today. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 11, 2024 20:40 ET (00:40 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>A2 Milk Doing Well in Challenged Markets -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nA2 Milk Doing Well in Challenged Markets -- Market Talk\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time smaller\">2024-09-12 08:40</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0040 GMT - A2 Milk is doing well in a challenged market, says Morgan Stanley, but its stock looks fairly valued right now. MS starts A2 Milk at equal-weight with a A$5.90/share price target, highlighting a record of gaining market share and improving the quality of its earnings. Still, significant risks remain, analyst Julia M. de Sterke says. They include challenging conditions in China's infant milk formula market and the stability of A2 Milk's supply chain. \"A de-rating post FY 2024 results has reset valuation multiples to levels that we believe capture the risks we see as evident in the business,\" MS says. A2 Milk is down 0.5% at A$5.61 today. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 11, 2024 20:40 ET (00:40 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1074936037.SGD","symbol_name":"JPMorgan Funds - US Value A (acc) SGD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2466953462","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466953462","pubTimestamp":1726101600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0040 GMT - A2 Milk is doing well in a challenged market, says Morgan Stanley, but its stock looks fairly valued right now. MS starts A2 Milk at equal-weight with a A$5.90/share price target, highlighting a record of gaining market share and improving the quality of its earnings. Still, significant risks remain, analyst Julia M. de Sterke says. They include challenging conditions in China's infant milk formula market and the stability of A2 Milk's supply chain. \"A de-rating post FY 2024 results has reset valuation multiples to levels that we believe capture the risks we see as evident in the business,\" MS says. A2 Milk is down 0.5% at A$5.61 today. 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MS starts A2 Milk at equal-weight with a A$5.90/share price target, highlighting a record of gaining market share and improving the quality of its earnings. Still, significant risks remain, analyst Julia M. de Sterke says. They include challenging conditions in China's infant milk formula market and the stability of A2 Milk's supply chain. \"A de-rating post FY 2024 results has reset valuation multiples to levels that we believe capture the risks we see as evident in the business,\" MS says. A2 Milk is down 0.5% at A$5.61 today. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 11, 2024 20:40 ET (00:40 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}