China Mengniu Dairy Company Limited (HKG:2319) May Have Run Too Fast Too Soon With Recent 26% Price Plummet

China Mengniu Dairy Company Limited (HKG:2319) shareholders won't be pleased to see that the share price has had a very rough month, dropping 26% and undoing the prior period's positive performance.

Simply Wall StApr 20 20:59 ET

Investors are “fleeing” Mengniu Dairy (02319): the stock price hit a new low in nearly 7 years

The management “exchanged blood” stock prices were shocked. When will “create another new Mengniu” be realized?

Zhitong FinanceApr 16 05:10 ET

Declining Stock and Decent Financials: Is The Market Wrong About China Mengniu Dairy Company Limited (HKG:2319)?

With its stock down 19% over the past month, it is easy to disregard China Mengniu Dairy (HKG:2319). However, stock prices are usually driven by a company's financials over the long term, which in t

Simply Wall StApr 15 18:23 ET

Damo: Target price of HK$26 for “increase in holdings” rating for Mengniu Dairy

Morgan Stanley released a research report stating that it “added” the rating to Mengniu Dairy (02319), with a target price of HK$26. Management remains conservative about the company's short-term growth. The company previously expected sales to grow by medium to low units in the 2024 fiscal year; expand the core operating margin by 30 to 50 basis points; increase the operating expenses ratio slightly; and the non-operating income should be similar to last year. Damo pointed out that Mengniu's sales situation from the beginning of the year to date continues the situation in the second half of last year, showing only a slight increase. As for inventory, it maintained a healthy level. The bank also pointed out that there is an oversupply of raw milk this year

新浪港股Apr 11 23:32 ET

Damo: Target price for Yumeng Dairy (02319) “increase” rating of HK$26

Mengniu Dairy (02319) had earlier anticipated that sales would grow by medium to low units in the 2024 fiscal year.

Zhitong FinanceApr 11 23:01 ET

Damo: Target price for Yumeng Dairy's “outperforming the market” rating was lowered to HK$26

Damo released a research report stating that it gave Mengniu Dairy (02319) a “outperforming market” rating, and the target price was lowered by 13.3% from HK$30 to HK$26. It is believed that the stock's valuation is still attractive in terms of growth prospects compared to the main raw material industry.

新浪港股Apr 8 23:13 ET