Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>UOB Kay Hian Mildly Lifts MENGNIU DAIRY TP to $23.5; Liquid Milk Biz Improves in 2H24
Recommend 3 Positive 4 Negative 3 |
||||
|
||||
|
UOB Kay Hian released a research report noting that MENGNIU DAIRY (02319.HK)'s liquid milk sales stabilized and prices rose modestly from 3Q24, as competitors have cleared their inventories without a notable improvement in consumer demand. Management estimated shipment growth to remain flat or slightly increase in 2H24. Raw milk is expected to reach a supply-demand balance by 2Q25, benefiting larger players. The broker marginally raised its target price for MENGNIU DAIRY from $23.2 to $23.5, with an unchanged Buy rating. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
