Youran Dairy Could Benefit From China's Raw Milk Shortage -- Market Talk
Youran Dairy Could Benefit From China's Raw Milk Shortage -- Market Talk
DJ Youran Dairy Could Benefit From China's Raw Milk Shortage -- Market Talk
DJ友然乳业可能受益于中国的原料奶短缺--市场传言
0605 GMT - China Youran Dairy Group holds the largest raw milk market share in China, which is currently facing a shortage, Citi says, initiating coverage on the stock at buy and a target price of HK$7.40. With one-third of the country's raw milk supply met by imports, China Youran could benefit as the largest raw-milk provider worldwide by herd size, the U.S. investment bank says. The sales value of high-end liquid milk and pasteurized milk have also been growing at two to three times compared with regular liquid milk, amid rising health consciousness among Chinese customers. Citi expects China Youran's net profit to grow by 11%-56% over 2021-2023. Shares are 0.6% lower at HK$4.70. (yiwei.wong@wsj.com)
0605GMT-花旗表示，中国友然乳业集团持有中国最大的原料奶市场份额，目前面临短缺，启动了对该股的买入覆盖，目标价为7.40港元。这家美国投资银行说，由于中国三分之一的原料奶供应来自进口，中国友然可能会作为全球牛群规模最大的原料奶供应商受益。随着中国消费者健康意识的提高，高端液态奶和巴氏杀菌奶的销售额也以普通液态奶的两到三倍的速度增长。花旗预计，在2021-2023年期间，中国友然的净利润将增长11%-56%。该公司股价下跌0.6%，至4.70港元。(yi wei.wong@wsj.com)
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September 30, 2021 02:05 ET (06:05 GMT)
2021年9月30日东部时间02：05(格林尼治标准时间06：05)
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