A2 Milk shares plunge on lower outlook
‘The market is not going to give them the benefit of the doubt,’ says fund manager.
A full-year profit downgrade from A2 Milk triggered a share price plunge for the milk marketer as investors digested its turnaround plans.
The new lower guidance still required a revival of its traditionally strong, but opaque “daigou” sales channel to China, said Harbour Asset Management
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