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Statistics on Hong Kong Stock Repurchases | December 17
Hong Kong stock repurchase Statistics | December 17
MENGNIU DAIRY (02319.HK) repurchased 0.3 million shares for 5.2222 million HKD on December 16.
Glonghui, December 16 - MENGNIU DAIRY (02319.HK) announced that on December 16, 2024, it will spend 5.2222 million Hong Kong dollars to repurchase 0.3 million shares, with a repurchase price of 17.34-17.46 Hong Kong dollars per share.
Goldman Sachs: Reaffirms MENGNIU DAIRY "Buy" rating with a Target Price of 19.9 HKD.
Goldman Sachs released a research report stating that it reaffirms MENGNIU DAIRY (02319) with a 'Buy' rating and a Target Price of HK$19.9. The report mentions that MENGNIU DAIRY's management recently reaffirmed its commitment to achieving high-quality growth in the future. Management stated that the focus for the next three years is to improve gross margin and operational efficiency to achieve diversification of categories and enhancement of profitability, aiming for a core gross margin expansion of 30-50 basis points annually from 2025 to 2027. The bank noted that the group has made some progress in streamlining upstream supply capacity, but is still waiting for more supportive policies to stimulate dairy consumption. Management continues to expect raw milk...
Goldman Sachs: Reiterates MENGNIU DAIRY (02319) "Buy" rating Target Price HKD 19.9.
The management of MENGNIU DAIRY recently reaffirmed its commitment to achieving high-quality growth in the future.
The CSI Consumer 360 index sector is under pressure as MENGNIU DAIRY (02319) falls by 4.59%. Institutions indicate that there is a lag in policy transmission, and the sustainability of consumer recovery remains to be observed.
Jinwu Financial News | The CSI Consumer 360 index Sector is generally under pressure, as of the time of writing, MENGNIU DAIRY (02319) has fallen by 4.59%, CHINA RES BEER (00291) has dropped by 4.13%, NONGFU SPRING (09633) has decreased by 3.31%, and HAIDILAO (06862) has declined by 3.41%. On the news front, Guoyuan International released a Research Report indicating that the consumption market will be weak in 2024, putting pressure on the Sector's fundamentals. After a brief rebound following the government's comprehensive policy rollout at the end of September, the market has retreated. Year-to-date, the Hang Seng Select Consumer Sector has fallen by 13.39%, underperforming the Large Cap; the Hong Kong Stock Shenwan Food & Beverage Index has seen a cumulative decline of 3.7.
Hong Kong stocks closed (December 11) | The Hang Seng Index rose by 1.2%, with the Consumer direction fully exploding, and the CSI SWS Food & Beverage index and Dining sectors leading the gains.
After the Hong Kong stock market opened, it maintained a fluctuating trend, with all three major Indexes rising significantly before noon, and the increase narrowed slightly at the end of trading.
bullabull : The shares are too cheap that's why they keep buying back!