Pavan Sharma

A2 Milk’s share dented further after the trading halt and 18th December market update by the company following the negative news the stock plummeted to $10.46. Around 17th August the stock resumed a downtrend journey when it was at its peak at $21.74.

We are constructive heading into 2021 given the backdrop of cheap money and an economic recovery boom. However, we remain cognizant of risks such as issues with vaccines, higher inflation/interest rates, and central bank / government policy missteps.

The dispute between NZR and ZEL moved up a notch yesterday.

The US Federal Reserve held its last meeting for the year this morning, and the Fed decided to keep interest rates unchanged in its December meeting after slashing them to near-zero in an emergency meeting in March due to the fast-spreading coronavirus.