Credit Suisse | Lyon downgrades target price for Mengniu and Yili, lowering earnings forecast from 2021 to 2026.
Lyon believes that China's raw milk prices have fallen by 12% year-on-year since this year, reflecting an imbalance in supply and demand, influenced by the slower-than-expected reduction in excess production capacity. The bank's channel survey shows that demand for liquid milk has weakened, with sales in May and June falling by double digits year-on-year. Currently, more discounts are in response to weak demand passively. It is expected that product prices will return to normal after demand picks up and inventory is cleared. Lyon prefers Mengniu, based on its low valuation, unchanged leadership position, and potential to improve shareholder returns. They also believe that the stock price has reflected the challenges facing it. The bank lowered its net income forecast for Mengniu from 10% to 14% from this year to 2026 and lowered its target price to 22.
Hong Kong stock market anomaly | Mengniu Dairy (02319) rose more than 4% against the market, with the dairy product leader's free cash flow reaching a new high. The dividend ratio still has potential for improvement.
Mengniu Dairy (02319) rose more than 4% against the market. As of press time, it rose 3.75% to HKD 14.94 and the turnover was HKD 0.15 billion.
China Mengniu Dairy (HKG:2319) Investors Are Sitting on a Loss of 65% If They Invested Three Years Ago
If you are building a properly diversified stock portfolio, the chances are some of your picks will perform badly. But long term China Mengniu Dairy Company Limited (HKG:2319) shareholders have had
Hong Kong stocks surge | Mengniu Dairy (02319) up more than 3%, Shanghai Milkground Food Tech plans to acquire Mengniu Cheese for 448 million yuan and has been approved.
Mengniu Dairy (02319) rose more than 3%, as of press time, up 3.57%, at HKD 14.50, with a turnover of HKD 207 million.
Global UHT Milk Market Analysis, Size, Share, Growth, Trends, and Forecasts 2024-2031: Nestle, Groupe Lactalis, Danone, and China Mengniu Dairy Co Lead the Market
CICC: It is expected that the Chinese food and beverage industry will moderately recover in the second half of the year, and H shares will favor companies such as Mengniu Dairy in the industry.
CICC released a research report stating that it is bullish on three investment themes in the second half of the year, including leading companies in high-growth tracks, stocks with high dividends, potential dividend-increasing stocks with abundant cash reserves and low valuations that are expected to see marginal improvement. The bank maintains profit forecasts and valuations for food and beverage stocks, and prefers U-Presid China (00220), Tingyi (00322), WH Group (00288), ZhenJiuLiDu (06979), China Res Beer (00291), Mengniu Dairy (02319), and Yihai Intl (01579) listed in Hong Kong. CICC pointed out that the food and beverage industry experienced weak recovery in the first half of the year.
CICC expects a moderate recovery in the second half of the year in the Chinese food and beverage industry. H-share investors prefer stocks like Mengniu Dairy (02319).
Zhijun Finance APP learned that CICC released a research report stating that it is bullish on three investment themes in the second half of the year, including leading players in high-growth tracks, high-dividend stocks, individual stocks with abundant cash reserves and potential for dividend growth, and undervalued targets that are expected to see marginal improvement. The bank maintains profit forecasts and valuations for food and beverage stocks, and prefers U-Presid China (00220), Tingyi (00322), WH Group (00288), Zhenjiu Lidu (06979), China Res Beer (00291), Mengniu Dairy (02319), and Yihai Intl (01579). CICC pointed out that in the first half of the year, food
Ye Shangzhi, a special guest with a large following, discusses the current narrow-range shock and the changing pattern to come.
On June 26th, the Hong Kong stock market continued its relatively stable trend following the six-month pre-year-end shock. However, the overall cautious and wait-and-see atmosphere has not dissipated. The daily trading volume of the market has recorded less than 100 billion yuan for the third consecutive day, indicating that the enthusiasm of funds has not yet recovered. The recently formed stalemate situation is still ongoing, and the market is waiting for new developments to drive it forward. Among them, as the July 1st return anniversary is approaching, there are some rumors that the Hong Kong stock dividend tax may be exempted, etc. Will the relevant parties announce a decision at this time? I believe the market is looking forward to it and can pay more attention to it.
Hong Kong stocks closed (06.26) | Hang Seng Index rose 0.09%, lithium industry stocks soared, NetEase-S (09999) surged 6%, leading the blue-chip stocks.
Zhitong Finance APP learned that the Hong Kong stock market opened under pressure today, but then fluctuated and strengthened, with the three major indices turning red successively. Among them, the Hang Seng Tech Index performed the strongest, rising 1.42% at one point during the day. As of the close, the Hang Seng Index rose 0.09% or 17.03 points, closing at 18089.93 points, with a daily turnover of HKD 95.15 billion; the Hang Seng China Enterprises Index rose 0.2% to 6477.24 points; the Hang Seng Tech Index rose 0.94% to 3689.68 points. Guotai Junan pointed out that as China's economic and policy uncertainties decrease, the sentiment in the Hong Kong stock market is recovering. In overseas markets, major central banks have successively launched their first
Hong Kong stocks surge: Mengniu Dairy (02319) rose over 3% again. Mengniu and popular ice cream chain, Dairy Queen International, have reached multiple cooperation intentions.
Zhitong Finance and Economics APP learned that Mengniu Dairy (02319) rose more than 3% again. As of the date of publication, it increased by 3.44%, to HKD 14.42, with a turnover of HKD 176 million. On the news front, on June 25, Xinjing News reported that Mengniu Group has held a strategic negotiation meeting with DAKA International Food Co., Ltd. under Muxue Bingcheng, with both parties reaching multiple cooperation intentions on brand building, product R&D, market development, user expansion, chain strengthening, and material supply. It is reported that on June 20, Mengniu Group held a strategic cooperation negotiation meeting with DAKA International in Jiaozuo City, Henan Province. This negotiation
[Special contributor] Deng Shengxing: Mainland stock market is still weak, Hong Kong stocks continue to be affected.
Kingwell News | Hang Seng Index closed at 18072 on Tuesday (25th), up 45 points or 0.25%. The turnover of the market for the whole day was 96.473 billion yuan. The National Index rose 0.36% to close at 6464, up for the second consecutive day, while the Science and Technology Index fell 0.6% to close at 3655. Tencent (00700) rose slightly by 0.4%; Ping An (02318) rose by 1.1%; HSBC (00005) rose by 0.8%; Mengniu (02319) rose by 4.5%, performing the best in blue chips; Mainland mobile phone sales fell during 618, and stocks related to mobile phones were under pressure. Sunny Optical (02382) fell by 3.5%; Rui
Hong Kong stocks closed on June 25th. The Hang Seng Index rose by 0.25%. Semiconductor and apple supplier stocks continued to decline, while Chinese est h (00127) rose by more than 40% at one point.
The three major indices in Hong Kong opened higher in the morning, but fell back and extended their losses in the afternoon. The Hang Seng Index fell 1.39% at one point. In the final trading hours, the indices fluctuated and turned positive one after another, with the Hang Seng Index and the national index both flipping into the green.
Shares of Mengniu Dairy are up over 4%. Recently, Mengniu Group has been in talks with Big Shot International for global strategic cooperation.
Mengniu Dairy (02319) rose 4.05% in early trading, with a current price of HKD 13.88 and a turnover of HKD 168 million.
HKEx Movement: Mengniu Dairy (02319) rose nearly 3%. Recently, Mengniu Group has been in talks with Daka International for global strategy cooperation, aiming to increase its presence in the B-end market.
Mengniu Dairy (02319) rose nearly 3%. As of the time of writing, it rose 2.85% to HKD 13.72 with a turnover of HKD 75,692,300.
Express News | UBS Group AG Increases Short Position in China Mengniu Dairy to 1.09% on June 18 From 0.49% - HKEX Filing
These 4 Measures Indicate That China Mengniu Dairy (HKG:2319) Is Using Debt Reasonably Well
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to rui
China Mengniu Dairy Company Limited Goes Ex Dividend Monday
[Special V] Ye Shangzhi: Hong Kong stocks further retreat, domestic consumption stocks decline the most.
On June 12, the Hong Kong stock market showed a further trend of retracement and downturn. The Hang Seng Index fell for the third consecutive day, falling nearly 240 points, closing below the integer mark of 18,000 points. It should be noted that the market's trend of retracement still has a tendency to further extend, and the mid-term support zone of the Hang Seng Index is estimated to still be between 17,200 to 17,600 points. Ahead of the announcement of the results of the Federal Reserve's interest rate decision, the market's wait-and-see atmosphere is clearly increasing, but the total transaction volume of the market is still recording over 110 billion yuan, higher than the daily average level of the year, and the enthusiasm of funds participating in the market is not significantly weakened. The Hong Kong stock market still has the potential to continue its operation mode of trading stocks without trading the market. It is worth noting that
Mengniu Dairy (02319): The conversion price of the convertible bonds due 2026, which accounts for 3.08%, has been adjusted to HKD 32.68 per share.
Mengniu Dairy (02319) announced that the convertible bonds (with a 3.08% interest rate and due in 2026) are now being notified...
Mengniu Dairy (02319) will distribute a final dividend of 0.489 yuan per share on June 26.
Mengniu Dairy (02319) announced that it will distribute a final dividend of RMB 0.489 per share on June 26, 2024.
No Data