NZ's a2 Milk supply disruptions temporary, customer demand strong, analysts say
** Citi and Morningstar analysts say supply-chain disruptions for diary giant a2 Milk ATM.NZ, A2M.AX are temporary
** Both NZ and Australia-listed shares of a2 slumped more than 18% on Monday after co forecast annual revenue growth below expectations, citing challenging market conditions in China
** Citi analysts say it is prudent to look through supply issues given most of the brand and operating indicators suggest a2's underlying customer demand momentum remain strong
** Citi says supply issues are not uncommon in the infant formula industry and are unlikely to persist over medium term
** Brokerage estimates FY25 sales growth of 5.6%, keep 'buy' rating
** Morningstar also says a2's supply constraints are transient
** Brokerage says the share price fall presents an attractive entry point for investors
** As of last close, co's NZ shares up 36.3% and Aussie shares up 33.8% YTD
Reporting by Himanshi Akhand in Bengaluru
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