[Hong Kong Stock Connect] Mengniu Dairy (02319) fell by 10.94%. Macquarie claimed that consumer downgrading has become a trend, and the dairy industry's fourth quarter performance may fall below expectations.

King Wu Financial News | Mengniu Dairy Industry (02319) fluctuates and weakens. As of the deadline, it fell by 10.94%, closing at HKD 18.48, with a turnover of 0.503 billion Hong Kong dollars. On the news front, Morgan Stanley published a research report stating that consumer price reduction is prevailing, and companies are using a high 'cost-effective' strategy to drive foot traffic or sales volume, with domestic-demand stocks likely to face gross profit pressure in the fourth quarter. The bank believes that the beverage sector can withstand adversity, but the dairy industry may underperform expectations in the fourth quarter. Baijiu will face more challenges than beer, while offline foot traffic for sports apparel continues to fluctuate. Hotel oversupply may peak in the third quarter. The bank also pointed out that although previous consumer data did not show a reverse trend.

Jingu Wealth News23:02 ET

There Are Reasons To Feel Uneasy About China Mengniu Dairy's (HKG:2319) Returns On Capital

Simply Wall StSep 30 23:15 ET

AXA: Emotion repair prioritizes fundamentals, focusing on the value of dining sector layout.

Emphasize the layout value of the dining sector, mainly in the context of emotional turnaround, with a relatively fast pace of performance reversal in dining.

Zhitong FinanceSep 27 02:33 ET

Trending Industry Today: CH MODERN D Leads Gains In Dairy Products Stocks

Moomoo NewsSep 27 02:30 ET

DBS: It is expected that there is a 70-80% chance that the stock price of Mengniu will rise in the next 15 days. The target price is 16 Hong Kong dollars.

Morgan Stanley's technical research report stated that Shanghai announced the issuance of 0.5 billion yuan in consumer vouchers, including food, lodging, movie tickets, and sports. The bank believes that the above measures can temporarily provide assistance in the consumption of different items, including necessities like milk, and thus bring short-term support to related sectors' stock prices. The bank predicts that the stock price of Mengniu is very likely to rise in the next 15 days, with an opportunity rate of 70% to 80%, rated as "shareholding", with a target price of 16 Hong Kong dollars.

Gelonghui FinanceSep 27 01:26 ET

Trending Industry Today: MENGNIU DAIRY Leads Gains In Top Gainers Yesterday Stocks

Moomoo NewsSep 26 23:50 ET