02319 MENGNIU DAIRY
- 16.120
- +0.320+2.03%
MENGNIU DAIRY News
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.
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?
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
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
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.
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.
[Broker Focus] The target price of Damagmeng Dairy (02319) is 13.3% to HK$26, indicating that demand will continue to be lackluster this year
Jin Wu Financial News | According to the Morgan Stanley Research Report, Mengniu Dairy (02319)'s earnings forecast per share for this year and next two years was lowered by 8-9%. Since demand is likely to continue to be tepid in 2024, it will take time for new products to drive growth, and sales forecasts for 2024 and 2025 will be lowered by 2% and 3%, respectively. The bank expects the company's total sales to increase by 4% and 5% in 2024 and 2025, respectively. According to the bank, due to withholding tax provisions, Mengniu's effective tax rate will be higher, and the profit per share is expected to be 1.74 yuan in 2026. The bank lowered the company's target price from HK$301
[Broker Focus] Orient Securities maintains Mengniu Dairy (02319) purchase rating, indicating that it still has good investment value for a long time
Jinwu Financial News | According to Orient Securities Research Report, Mengniu Dairy (02319) recently released the 2023 results announcement. In 2023, it achieved revenue of 98.624 billion yuan (yoy +6.5%) and achieved net profit of 4.809 billion yuan (yoy -9.3%) in 2023. According to the bank, the company achieved revenue of 82.07 billion yuan (yoy +4.9%) in 2023, with steady growth. In the long run, the company has benefited from the increase in milk consumption per capita in sinking markets such as rural areas, as well as the upgrading trend of fresh milk, cheese and other products, and still has good investment value. According to the 23-year results announcement, for 23,
Haitong International: Maintaining Mengniu Dairy's “superior to the market” rating, the target price was lowered to HK$29.8
Haitong International released a research report stating that it maintains Mengniu Dairy's (02319) “superior to the market” rating. Operating revenue from 2024 to 2026 is expected to be $101.49 billion, $105.30 billion and $109.6 billion, up 2.9% year-on-year; net profit of $5.42 billion, $6.220 billion and $6.75 billion, up 12.7%, 14.7% and 8.6% year-on-year; and the target price was lowered from HK$41.5 to HK$29.8. According to the report, Mengniu's net profit margin last year was 4.9%
Haitong International: Maintaining Mengniu Dairy's (02319) “superior to the market” rating, the target price was lowered to HK$29.8
Haitong International expects the net profit of Mengniu Dairy (02319) to be 5.42 billion, 6.22 billion yuan and 6.75 billion yuan from 2024 to 2026.
[Broker Focus] BOC International Mengniu Dairy (02319) target price 38% indicates that the 2024 guidelines are disappointing
Jinwu Financial News | According to BOC International Development Research Report, sales of Mengniu Dairy (02319) in 2023 increased 6.5% year on year, and net profit decreased 9.3% year on year. Due to lower raw milk costs, gross margin increased 185 basis points to 37.2%, and non-operating expenses led to a decrease of 85 basis points to 4.9% in net profit margin. The payout ratio increased from 30% to 40%. According to the bank, the 2024 guidance is disappointing. Management expects a year-on-year increase in sales in 2024 to “low to middle single digits”. The bank expects gross margin to expand, as raw milk prices may continue to fall, but since promotions are needed to drive sales,
Analysts' Opinions Are Mixed on These Consumer Goods Stocks: Kraft Heinz (KHC) and China Mengniu Dairy Co (OtherCIADF)
[Broker Focus] BOC International Mengniao Dairy (02319) targets 38% to HK$21.5, but the company's 2024 guidelines are disappointing
Jinwu Financial News | BOC International released a research report that sales of Mengniu Dairy (02319) in 2023 increased 6.5% year on year, and net profit fell 9.3% year on year to 4.809 billion yuan. Due to lower raw milk costs, gross margin increased 185 basis points to 37.2%, resulting in an operating profit margin rising 40 basis points to 6.3%, but non-operating expenses, associated company profits fell 78% year on year, and impairment caused the net profit margin to drop 85 basis points to 4.9%. The payout ratio increased from 30% to 40%. According to the bank, management expects year-on-year sales growth in 2024 to be “low to medium single digits”
Maintaining Buy Rating on China Mengniu Dairy Co: Undervalued With Growth Potential Despite Industry Challenges
China Mengniu Dairy Company Limited (CIADF) Q4 2023 Earnings Call Transcript Summary
The following is a summary of the China Mengniu Dairy Company Limited (CIADF) Q4 2023 Earnings Call Transcript:Financial Performance:China Mengniu Dairy reported overall revenue increase of 6.5% in 20
MENGNIU DAIRY To Go Ex-Dividend On June 14th, 2024 With 0.5391 HKD Dividend Per Share
March 27th - $MENGNIU DAIRY(02319.HK)$ is trading ex-dividend on June 14th, 2024. Shareholders of record on June 17th, 2024 will receive 0.5391 HKD dividend per share on June 26th, 2024. The ex-di
Mengniu Dairy (02319) will pay a final dividend of $0.489 per share on June 26
According to the Zhitong Finance App, Mengniu Dairy (02319) announced that it will pay a final dividend of RMB 0.489 per share for the year ended December 31, 2023 on June 26, 2024.
Damo: Mengniu Dairy's net profit in 2023 is 7% and 12% lower than the bank's and market forecasts
According to a research report released by Morgan Stanley, the net profit of Mengniu Dairy (02319) fell 9.3% to RMB 4.8 billion in 2023, 7% and 12% lower than Daimo and market forecasts, respectively; core operating profit rose 14% year over year, lower than the forecast of the bank by 3%, which affected the increase in sales and marketing expenses.
Damo: The net profit of Mengniu Dairy (02319) in 2023 is 7% and 12% lower than the bank's and market forecasts
The Zhitong Finance App learned that Morgan Stanley released a research report saying that the net profit of Mengniu Dairy (02319) fell 9.3% to 4.8 billion yuan in 2023, 7% and 12% lower than Damo and market forecasts, respectively; core operating profit increased 14% year over year, lower than the forecast of the bank by 3%, which was affected by the increase in sales and marketing expenses. Furthermore, last year's sales increased 6.5% year on year to 98.6 billion yuan, in line with expectations; gross margin increased 1.8 percentage points during the period, better than the bank's expectations of 0.9 percentage points, due to a drop in raw milk prices.
China Mengniu Dairy Shares Fall on Profit Miss
By Amanda Lee China Mengniu Dairy shares fell by the most in almost two years after annual profit fell short of expectations. Shares of Mengniu, one of China's largest dairy companies, were 7.5% low
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