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The continuous inversion of raw milk prices has not resolved the "ranch crisis". Should we continue to slaughter cows?
①In the past year, the industry has been continuously 'slaughtering cows' to reduce overcapacity, but the situation of oversupply has not been reversed; ②The impact of oversupply of raw milk has fully appeared in the financial reports of large-scale farms and dairy enterprises; ③The current growth rate of raw milk production is further slowing down, and prices are expected to stabilize in the second quarter of 2025.
mengniu dairy (02319.HK) spent 2.235 million Hong Kong dollars to repurchase 0.12 million shares on October 8th.
Gracell October 8th | mengniu dairy (02319.HK) announced that on October 8, 2024, it spent 2.235 million Hong Kong dollars to repurchase 0.12 million shares at a repurchase price of 17.78-19 Hong Kong dollars per share.
mengniu dairy (02319) repurchased approximately 2.2348 million Hong Kong dollars on October 8 to buy back 0.12 million shares.
Mengniu Dairy (02319) announced on October 8, 2024, to purchase approximately 2.2348 million Hong Kong dollars for buyback...
China's dairy industry's first! Inner Mongolia Yili (02319) Ningxia fully intelligent factory was named a "Lighthouse Factory" by the World Economic Forum.
Mengniu Group's fully intelligent super factory - Mengniu ningxia factory successfully certified the title of "Lighthouse Factory"
[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.
There Are Reasons To Feel Uneasy About China Mengniu Dairy's (HKG:2319) Returns On Capital
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