Categories
Australia Market Australia Popular Stocks COVID-19 Economic Impact

A2 Milk (ASX:A2M) share price tumbles on NZ recession fears

Sumary of A2 Milk (ASX:A2M) share price tumbles on NZ recession fears:

  • A2M) share price fell 2.54% today after New Zealand GDP output for the December quarter fell by 1.0%, according to the New Zealand government…
  • According to the New Zealand Herald, the lethargy of New Zealand vaccine rollout, impending threats of lockdown at minor COVID outbreaks, and the ongoing international border closure are all worrying investors…
  • The company has been particularly hard hit by COVID restrictions — selling its infant baby formula to the lucrative daigou market is its proverbial cash cow…
  • If an investor bought shares in the company 1 year ago, they would be sitting on a tidy 76.8% return on investment (ROI)…….

Want to know more click here go to source.