Broker downbeat on Beingmate, despite Fonterra confidence
Research report notes negative growth in China's 'chaotic' infant formula market.
Fonterra [NZX: FSF] has affirmed its confidence in its Chinese strategy after broking firm Macquarie issued downbeat research noting negative growth in China’s infant formula market.
Beingmate, 18.8% owned by the Kiwi co-op, reported a net loss last week of RMB214 million ($43.8 million) for the
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Tim Hunter
Fri, 09 Sep 2016
Fri, 09 Sep 2016
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Broker downbeat on Beingmate, despite Fonterra confidence
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