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CITIC Lyon: Upgraded MENGNIU DAIRY rating to highly confident "outperform the market" and raised the Target Price to HKD 23.7.
CITIC Securities released a Research Report stating that MENGNIU DAIRY (02319) has been upgraded from "Outperform" to a strong "Outperform" rating, with the Target Price raised from HKD 20.1 to HKD 23.7. The report indicates that the Dairy Product industry in China is expected to gradually improve. On the upstream side, it is anticipated that the supply-demand gap for raw Dairy Products is reducing, enhancing the expectation of a rebound in raw milk prices in the coming quarters; on the downstream side, although demand has been lukewarm since the beginning of the year, the market expects the base effect to diminish in the second quarter of 2025.
【Hong Kong Stock Connect】MENGNIU DAIRY (02319) rose by 3.83%. Goldman Sachs indicates that there is still further upside potential for earnings visibility and valuation reassessment.
Jinwu Finance News | MENGNIU DAIRY (02319) has shown strong fluctuations, with an increase of 3.83% as of the time of writing, reporting at 18.42 HKD, with a transaction value of 0.421 billion HKD. In the news, Goldman Sachs released a Research Reports stating that MENGNIU DAIRY recently issued a profit warning, but the stock price performance positively reflects MENGNIU's good cost control and operational efficiency improvement capabilities during last year's economic downturn. It is also believed that there is still further potential for profit visibility and valuation reassessment to rise. The bank raised the forecast for last year's recurring profits by 17% after MENGNIU issued its profit warning, and the forecasts for 2025 to 2026 were raised by approximately 8 to 9%, mainly benefiting from effective expense control.
Market Update | MENGNIU DAIRY shares have risen nearly 5%, an increase of nearly 23% in the last 14 days, with last year's natural profit margin growth exceeding market expectations.
Goldman Sachs released a research report stating that MENGNIU DAIRY recently issued a profit warning, but the stock price performance positively reflects MENGNIU's good cost control and operational efficiency improvement during last year's economic downturn, and it is believed that there is still further upward potential for profit visibility and valuation reassessment.
[Brokerage Focus] Huafu Securities initiates a "Buy" rating on CHINA SHENGMU (01432), indicating that its growth potential is expected to gradually emerge against the backdrop of healthy consumption trends.
Jinwu Financial News | Huafu Securities Research points out that CHINA SHENGMU (01432) is the largest organic raw milk producer in the country. Currently, Mengniu Group Holds 29.99% of the company's shares, making it the largest Shareholder. By deeply integrating with downstream dairy companies, it can smooth out the uncertainties brought by the cyclical nature of raw milk prices in production and Operation, while also gaining financial support from Mengniu to share growth. The firm indicates that as the per capita consumption level in the country increases year by year, the accumulation of personal wealth and the rise of the emerging middle class will drive Consumption Upgrade, providing a foundation for the promotion of high-end organic milk. Organic milk, from the sourcing of Fodder, to
Yuanta Securities Upgrades China Mengniu Dairy Company to Buy From Hold, Price Target Is HK$19.90
Here's What's Concerning About China Mengniu Dairy's (HKG:2319) Returns On Capital
bullabull : The shares are too cheap that's why they keep buying back!