A2 Milk Moves From 'Very Expensive' to 'Expensive' After Selloff -- Market Talk

Dow Jones

Jan 20

0056 GMT - The steep selloff in A2 Milk that followed China's annual population assessment feeds into Forsyth Barr's bearish view of the stock. A2 Milk shares dropped more than 10% after China said births fell to 7.92 million in 2025, from 9.54 million a year earlier. Analyst Matt Montgomerie said births were 11% below his expectations. While the selloff in A2 Milk may appear harsh, it's "important to recognize the lagged impact of new births on infant formula sales (over two thirds of revenue is in Stage 3 product and beyond [babies aged 12 months plus])," Forsyth Barr says. It signals China's fertility policies have had a limited impact. Forsyth Barr says it reduces the probability of near-term earnings upside. "A2 Milk moves from trading at very expensive to merely expensive valuation levels," it adds. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

January 19, 2026 19:56 ET (00:56 GMT)

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Analyst Matt Montgomerie said births were 11% below his expectations. While the selloff in A2 Milk may appear harsh, it's \"important to recognize the lagged impact of new births on infant formula sales (over two thirds of revenue is in Stage 3 product and beyond [babies aged 12 months plus]),\" Forsyth Barr says. It signals China's fertility policies have had a limited impact. Forsyth Barr says it reduces the probability of near-term earnings upside. \"A2 Milk moves from trading at very expensive to merely expensive valuation levels,\" it adds. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 19, 2026 19:56 ET (00:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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 Moves From 'Very Expensive' to 'Expensive' After Selloff -- 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: 11px; color: #7E829C; margin: 0;line-height: 11px;}\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 Moves From 'Very Expensive' to 'Expensive' After Selloff -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\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\">2026-01-20 08:56</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0056 GMT - The steep selloff in <a href=\"https://laohu8.com/S/ACOPF\">A2 Milk</a> that followed China's annual population assessment feeds into Forsyth Barr's bearish view of the stock. <a href=\"https://laohu8.com/S/A2M.AU\">A2 Milk</a> shares dropped more than 10% after China said births fell to 7.92 million in 2025, from 9.54 million a year earlier. Analyst Matt Montgomerie said births were 11% below his expectations. While the selloff in A2 Milk may appear harsh, it's \"important to recognize the lagged impact of new births on infant formula sales (over two thirds of revenue is in Stage 3 product and beyond [babies aged 12 months plus]),\" Forsyth Barr says. It signals China's fertility policies have had a limited impact. Forsyth Barr says it reduces the probability of near-term earnings upside. \"A2 Milk moves from trading at very expensive to merely expensive valuation levels,\" it adds. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 19, 2026 19:56 ET (00:56 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK8065","symbol_name":"包装食品与肉类","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2604154641","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2604154641","pubTimestamp":1768870560,"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":"0056 GMT - The steep selloff in A2 Milk that followed China's annual population assessment feeds into Forsyth Barr's bearish view of the stock. A2 Milk shares dropped more than 10% after China said births fell to 7.92 million in 2025, from 9.54 million a year earlier. Analyst Matt Montgomerie said births were 11% below his expectations. While the selloff in A2 Milk may appear harsh, it's \"important to recognize the lagged impact of new births on infant formula sales ,\" Forsyth Barr says. It signals China's fertility policies have had a limited impact. Forsyth Barr says it reduces the probability of near-term earnings upside. \"A2 Milk moves from trading at very expensive to merely expensive valuation levels,\" it adds. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK8065":"包装食品与肉类","ATM.NZ":"The a2 Milk Company Limited Ordinary Shares","A2M.AU":"A2 MILK CO LTD","BK7505":"食品股","BK7141":"包装食品与肉类"},"translate_title":"A2牛奶在抛售后从“非常昂贵”变为“昂贵”——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"A2M.AU":0.9,"ATM.NZ":1.5},"content_text":"0056 GMT - The steep selloff in A2 Milk that followed China's annual population assessment feeds into Forsyth Barr's bearish view of the stock. A2 Milk shares dropped more than 10% after China said births fell to 7.92 million in 2025, from 9.54 million a year earlier. Analyst Matt Montgomerie said births were 11% below his expectations. While the selloff in A2 Milk may appear harsh, it's \"important to recognize the lagged impact of new births on infant formula sales (over two thirds of revenue is in Stage 3 product and beyond [babies aged 12 months plus]),\" Forsyth Barr says. It signals China's fertility policies have had a limited impact. Forsyth Barr says it reduces the probability of near-term earnings upside. \"A2 Milk moves from trading at very expensive to merely expensive valuation levels,\" it adds. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 19, 2026 19:56 ET (00:56 GMT)\n\n\n  Copyright (c) 2026 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"}}}