The share price of AuMake International Ltd [ASX:AU8] rose immediately upon opening this morning. AuMake announced that it has signed an exclusive strategic agreement with JD Worldwide, to cooperate, explore and lead industry development in Australia and New Zealand.
At time of writing, the share price of The A2 Milk Company Ltd [ASX:A2M] is up 4.71%, trading at $9.79. This comes as news broke that Chinese regulators would not be placing any additional restrictions on its trade in the country. Of particular interest is its baby formula, which now has a 5.6% market share in China.
The A2 Milk Company Ltd [ASX:A2M] share price has soared this morning up by 7.86% to $9.74, a gain for $0.71 within the first half of trading. The jump comes on the back of a steady increase yesterday of 1.5%, much to shareholders relief.
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At time of writing, shares of the a2 Milk Company ASX:[A2M] are down 3.45% to $10.91. This marks one of the sharpest downturns for the stock in the last three months.
A2 Milk Company’s [ASX:A2M] share price rose nearly 5% upon opening this morning, on news that A2 has extended its supply agreement with Synlait Milk Ltd [ASX:SM1].
Let’s look at the large blue chips. These are usually companies with a market cap of $10 billion and over. Some typical blue chips are BHP Billiton Limited [ASX:BHP] and Commonwealth Bank of Australia [ASX:CBA]. BHP has a market cap of $156 billion and CBA has a market cap of $139 billion.
At time of writing, A2 Milk Company is trading at $10.67, a 22.50% increase from yesterday’s close. This is a 448% gain from 21 February 2017, an impressive feat for a company approaching a $6.5 billion market capital.
Following a strong full year earnings report, a2 will be looking to bolster its success into the 2018 period. It has already been an over-performing stock this year, and will no doubt want to continue to capitalise on opportunities moving forward.
A2 Milk (ASX:A2M) (NZE:ATM) looks set to become the next dairy company to be the subject of a hot bidding war.