2149 GMT - The potential for more China stimulus helps to underpin Citi's bullish view of A2 Milk. Analyst Sam Teeger highlights that China will be holding its Central Economic Work Conference in mid-December. Officials could outline further plans to boost the birth rate, an issue which China has acknowledged needs to be addressed in recent months. Citi thinks China's Two Sessions meeting in March could be another catalyst if it leads to more stimulus announcements. Citi raises its forecast for FY 2025 revenue growth to 7%, from 5.6%, reflecting the midpoint of A2 Milk's new guidance range. Still, it thinks guidance of mid-to-high single digit revenue growth may be somewhat conservative.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
November 24, 2024 16:49 ET (21:49 GMT)
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