Morningstar puts a2 Milk under review Lex Hall | 11 May 2021Text size
Morningstar has placed infant formula producer a2 Milk under review and is poised to lower its valuation for the narrow-moat company after it reduced the near-term guidance for the fourth time since September last year.
The company had expected full-year fiscal 2021 revenue of NZ$1.4 billion. But because of weak growth in its daigou/reseller channel and a glut of stock, it now expects revenue guidance of NZ$1.2 billion to NZ$1.25 billion.
Additionally, A2M, which relies on its brand power to justify its premium pricing, also expects to increase near-term marketing efforts and write off NZ$80 million to NZ$90 million of expiring inventory.
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iTWire Thursday, 29 April 2021 15:00 Snowflake achieves Protected status after completing Australian Information Security Registered Assessors Program (IRAP) assessment
Shares Snowflake vice president of sales for Asia Pacific Peter O Connor
Company News: Snowflake, the data cloud company, today announced it has completed an Information Security Registered Assessors Program (IRAP) assessment confirming that Snowflake s Data Cloud has achieved the Australian Government security status of Protected on selected deployments.
The Snowflake Data Cloud was assessed by a certified, third party IRAP assessor and found to be aligned with IRAP s Protected level control requirements, enabling Australian Government agencies to deploy a huge range of workloads on the Snowflake Data Cloud. The IRAP assessment ensures cloud services are secured with automated and comprehensive security controls for authorised use by the Australian Government.