Business
Is the A2 Milk (ASX:A2M) share price a buy? // Motley Fool Australia
The A2 Milk Company Ltd (ASX: A2M) share price dropped around 5% yesterday in response to its annual general meeting (AGM) update.
What did A2 Milk say about the current operating conditions?
Regarding the Asia Pacific region, A2 Milk said that the first half of FY21 is challenging for the Australia and New Zealand segment with the daigou and reseller channel impacted by COVID-19 related issues. A2 Milk is expecting the current impact will moderate over the course of the year.
The company revealed that a new incentive program has been launched in the corporate daigou channel to re-energise the channel with early signs of improvement.
A2 Milk commented that its multi-channel approach is strategically important with each channel…
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