Business
2 exciting mid-cap ASX shares to buy and hold
Some mid-cap ASX shares could be interesting ideas to own for the longer-term.
A mid cap share usually has a market capitalisation of between $2 billion and $10 billion.
Here are two ideas:
A2 Milk is a large infant formula business listed on the ASX. Before COVID-19 came along the company was growing in Asia, North America, Australia and New Zealand.
But there has been significant disruption to the domestic daigou channel because of Australia’s closed borders. There are less visitors from places like China.
A2 Milk has explained that the daigou channel is important for activating other sales channels such as cross border e-commerce (CBEC). The company is going to work hard over the rest of FY21 to reactivate this…
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