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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.
The Market Doesn't Like What It Sees From Inner Mongolia Yili Industrial Group Co., Ltd.'s (SHSE:600887) Earnings Yet
Inner Mongolia Yili Industrial Group Co., Ltd.'s (SHSE:600887) price-to-earnings (or "P/E") ratio of 12.7x might make it look like a strong buy right now compared to the market in China, where
Inner Mongolia Yili Industrial Group (600887.SH): Cumulative expenditure of 153 million yuan to repurchase 5.8049 million shares.
Inner Mongolia Yili Industrial Group (600887.SH) announced that as of the end of June 2024, the company has cumulatively repurchased 5,804,866 shares through centralized bidding trading, accounting for 0.0912% of the company's total share capital. The highest purchase price was 27.07 yuan/share and the lowest price was 25.41 yuan/share. The total amount paid was 152,698,197.64 yuan (excluding transaction fees).
Inner Mongolia Yili Industrial Group (SHSE:600887) Investors Are Sitting on a Loss of 22% If They Invested Three Years Ago
No-one enjoys it when they lose money on a stock. But when the market is down, you're bound to have some losers. The Inner Mongolia Yili Industrial Group Co., Ltd. (SHSE:600887) is down 29% over th
Inner Mongolia Yili Industrial Group (600887.SH) announced the release of several new Paris custom-made products.
Inner Mongolia Yili Industrial Group (600887.SH) stated on the interactive platform on June 24th that as the official dairy product partner of China Sports Delegation for the 2024 Olympic Games, the company has released several new Paris custom-made products covering Yili's diverse product categories, committed to providing nutritional support for Chinese athletes heading to Paris and helping them achieve good results. In the future, we will also launch more exciting activities to share the Paris event with consumers and cheer for our Chinese athletes. Please continue to follow our official information for related activities.
Inner Mongolia Yili Industrial Group (600887.SH): First Buyback of 2.69 Million Shares
On June 12, Glodon announced that Inner Mongolia Yili Industrial Group (600887.SH) had first repurchased 2,694,966 shares through centralized bidding trading on June 12, 2024. The repurchased shares accounted for 0.0423% of the company's total share capital, with a highest price of 27.07 yuan/share and a lowest price of 26.80 yuan/share. The total amount paid was 72,699,318.64 yuan (excluding transaction costs). This share repurchase by the company is in compliance with relevant laws and regulations and meets the requirements of the company's share repurchase plan.
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