26 stories mentioning ASX:A2MUpdated 17d ago
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Industrial services gained the most among New Zealand sectors on Monday, advancing 1%.Ventia Services Group's (NZE:VNT, ASX:VNT) shares gained 1% in recent trade.Meanwhile, consumer non-durables sector shares fell past 2%.a2 Milk Company (NZE:ATM, ASX:A2M) was down past 2% in recent trade.
The a2 Milk Company (NZE:ATM, ASX:A2M) has an average rating of overweight and price targets ranging from NZ$9.95 to NZ$8, according to analysts polled by CapitalIQ.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Energy minerals shares gained the most on New Zealand's Exchange, rising nearly 1% by midday Wednesday.Shares of Channel Infrastructure (NZE:CHI, ASX:CHI) rose almost 1% in recent trade.The company's two refurbished tanks at Northland's Marsden Point, which will store New Zealand's strategic diesel supply, are officially in use, following an event attended by Prime Minister Christopher Luxon and senior government ministers to mark the completion and recommissioning of the tanks, according to a Tuesday government statement.Meanwhile, consumer non-durables sector shares fell past 2%.a2 Milk Company (NZE:ATM, ASX:A2M) was down 5% in recent trade.The company on Tuesday said China infant milk formula supply disruptions weighed heavily on fourth-quarter sales, with fiscal 2026 China label infant milk formula sales declining about 14% year on year amid demand surges, freight challenges, production delays, and regulatory changes.
a2 Milk (NZE:ATM, ASX:A2M) said UBS Group and its related bodies corporate raised their stake in the company to 6.51% on July 1 from 5.328% previously, according to filings with the Australian and New Zealand bourses on Monday.UBS now holds 47.2 million ordinary shares of the company.a2 Milk's shares rose nearly 2% in recent trading on the New Zealand bourse on Monday.
(Updates with the stock movement in the headline and last paragraph.)a2 Milk Co. (NZE:ATM, ASX:A2M) declared a fully franked special dividend of NZ$0.41355 per share, payable on July 24 to shareholders on record as of July 9, according to a Thursday filing with the New Zealand and Australian bourses.The special dividend follows the company's earlier update that it received State Administration for Market Regulation approval to transfer two China-label infant formula registrations from the a2 Pokeno facility to a2-branded products, the filing added.The company's New Zealand shares jumped over 2% in recent Thursday trade, while its Australia-listed shares rose nearly 4%.
a2 Milk Co. (NZE:ATM, ASX:A2M) declared a fully franked special dividend of NZ$0.41355 per share, payable on July 24 to shareholders on record as of July 9, according to a Thursday filing with the New Zealand and Australian bourses.The special dividend follows the company's earlier update that it received State Administration for Market Regulation approval to transfer two China-label infant formula registrations from the a2 Pokeno facility to a2-branded products, the filing added.The company's New Zealand shares jumped almost 5% in recent Thursday trade.
a2 Milk Co. (ASX:A2M, NZE:ATM) received notice that UBS Group and its affiliated entities became substantial holders of the company on Monday, according to a Thursday filing with the New Zealand bourse.The financial services firm and its affiliates now owns 38.6 million shares in the company, representing a 5.328% total voting power, the filing said.
New Zealand shares closed lower on Monday while the US and Iran progressed their negotiations in Switzerland.The S&P/NZX 50 Index fell 0.37%, 49.58 points, to close at 13,446.05.The first round of talks between senior US and Iranian officials in Switzerland concluded on Monday, said mediating countries Qatar and Pakistan, according to a Monday Reuters report.In domestic news, credit card spending in New Zealand increased by 1.8% month on month to NZ$4.38 billion in May after a 0.2% decrease in the previous month, while credit card balances rose 0.7% to NZ$5.99 billion in May, data from the Reserve Bank of New Zealand showed.In corporate news, a2 Milk Co. (ASX:A2M, NZE:ATM) received approval from China's State Administration for Market Regulation to transfer two China-label infant milk formula registrations tied to its Pokeno facility to its a2 brand.Oceania Healthcare (ASX:OCA, NZE:OCA) launched an offer of up to NZ$100 million in six-year fixed-rate secured, unsubordinated bonds, with the option to accept up to NZ$25 million in oversubscriptions.
a2 Milk Co. (ASX:A2M, NZE:ATM) received approval from China's State Administration for Market Regulation to transfer two China-label infant milk formula registrations tied to its Pokeno facility to its a2 brand, according to a Monday filing with the New Zealand bourse.The company confirmed that the acquisition of the a2 Pokeno facility is now irrevocable, given the receipt of all required regulatory approvals, per the filing.The board is expected to meet soon to consider a NZ$300 million fully franked special dividend, with timing and details to be released upon formal approval, the filing added.
The a2 Milk Company (NZE:ATM) has an average rating of overweight and mean price target of NZ$9.64, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Consumer non-durables stocks advanced nearly 2% at midday Wednesday.a2 Milk Company (NZE:ATM, ASX:A2M) gained 3% in recent trade.On the flip side, the communications sector struggled, shedding more than 1%.Chorus (NZE:CNU, ASX:CNU) shares were down nearly 2% in recent trade.
a2 Milk (ASX:A2M, NZE:ATM) China label supply is starting to return for consumers, specifically across the MBS storefronts, based on the firm's customer service advice to consumer posts on social media, Jarden said in a Monday note.a2 Milk's China Label stock shortages were consistent with management expectations within its mid-April trading update. Negative cereulide test results are available to consumers to ensure trust in the product.Jarden noted residual uncertainty on residual tail risk of product recall and/or supply chain issues, and catch-up progress raising the downside risk to estimates for the fiscal 2026 second half.The investment firm retained its neutral rating on A2 Milk with a price target of of NZ$7.36 per share.
The consumer non-durables sector gained the most on New Zealand's Exchange, rising nearly 4% at midday Friday.a2 Milk (ASX:A2M, NZE:ATM) saw the sharpest increase in the sector, gaining almost 8% in recent trade.Meanwhile, the technology services sector declined nearly 3%.Gentrack Group (ASX:GTK, NZE:GTK) was down nearly 3% in recent trade.
Non-energy minerals stocks gained the most on New Zealand's Exchange, rising 2% at midday Friday.Santana Minerals (NZE:SMI, ASX:SMI) saw the sharpest increase in the sector, gaining more than 10% in recent trade.Meanwhile, the consumer non-durables sector declined by more than 1%.a2 Milk Company (NZE:ATM, ASX:A2M) was down nearly 3% in recent trade.
Distribution services shares rose the most on New Zealand's Exchange, gaining past 1% on Monday.Shares of Steel & Tube Holdings (NZE:STU) rose almost 3% in recent trade.Meanwhile, the consumer non-durables sector declined by more than 2%.a2 Milk Company (NZE:ATM, ASX:A2M) was down past 5% in recent trade.
a2 Milk Co. (ASX:A2M, NZE:ATM) received notice that JPMorgan Chase and its affiliates became a substantial holder of the company on May 7, according to a Tuesday filing with the New Zealand bourse.JPMorgan Chase now owns 37.3 million shares in the company, representing 5.14% of the issued shares, the filing said.The company's shares in the Australian and New Zealand bourses fell around 3% and 5%, respectively, in trading on Monday.
New Zealand shares ended higher on Monday as most Asian indexes saw gains amid hopes of an easing US-Iran war.The S&P/NZX 50 Index rose 0.45% or 58.48 points to close at 13,097.68.US President Donald Trump on Sunday said that the US would begin efforts Monday morning to help free ships stranded in the Strait of Hormuz, describing the move as a humanitarian step to assist neutral countries amid the US-Israeli war with Iran, according to a Sunday Reuters report.In corporate news, a2 Milk Co. (ASX:A2M, NZE:ATM) started a voluntary recall on May 1 of three batches of its a2 Platinum USA infant milk formula, following the detection of cereulide in product manufactured by Synlait Milk (ASX:SM1, NZE:SML).Air New Zealand (ASX:AIZ, NZE:AIR) group capacity rose 4.1% year on year in March, and long-haul available seat kilometers (ASKs) rose 2.5%, while domestic ASKs increased by 3.4%.
(Updates to add stock movement in the headline and last paragraph)a2 Milk Co. (ASX:A2M, NZE:ATM) started a voluntary recall on May 1 of three batches of its a2 Platinum USA infant milk formula, following the detection of cereulide in product manufactured by Synlait Milk (ASX:SM1, NZE:SML), according to separate Monday filings with the Australian and New Zealand bourses.The product was sold only in the US via online platforms and select retailers and had already been discontinued before the recall, while all a2 Platinum products sold outside the US remain unaffected, per the filing.No illnesses have been reported, and any symptoms are typically mild and short-lived, a2 Milk said, adding that it is working with the US Food and Drug Administration and has provided guidance to US consumers who may have purchased the product.The recall reflects updated guidance from New Zealand authorities on managing cereulide risks, a2 Milk said.The companies said they do not expect the recall to impact their financial results.a2 Milk's shares plunged around 14% in Monday trading on the Australian and New Zealand exchanges, earlier hitting their lowest level since January 2025, while Synlait Milk's shares fell around 1% on both markets.
Industrial services gained the most among New Zealand sectors on Monday, advancing almost 2%.Ventia Services Group (NZE:VNT, ASX:VNT) gained nearly 2% in recent trade.Meanwhile, the consumer non-durables sector declined by almost 7%.a2 Milk Company (NZE:ATM, ASX:A2M) was down past 14% in recent trade.The company on Monday said it started a voluntary recall on May 1 of three batches of its a2 Platinum USA infant milk formula, following the detection of cereulide in product manufactured by Synlait Milk (NZE:SML, ASX:SM1).
a2 Milk Co. (ASX:A2M, NZE:ATM) started a voluntary recall on May 1 of three batches of its a2 Platinum USA infant milk formula, following the detection of cereulide in product manufactured by Synlait Milk (ASX:SM1, NZE:SML), according to separate Monday filings with the Australian and New Zealand bourses.The product was sold only in the US via online platforms and select retailers and had already been discontinued before the recall, while all a2 Platinum products sold outside the US remain unaffected, per the filing.No illnesses have been reported, and any symptoms are typically mild and short-lived, a2 Milk said, adding that it is working with the US Food and Drug Administration and has provided guidance to US consumers who may have purchased the product.The recall reflects updated guidance from New Zealand authorities on managing cereulide risks, a2 Milk said.The companies said they do not expect the recall to impact their financial results.
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