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19/12/2024 14:40

{I-bank focus}CCB raises Mengniu Dairy (02319) to HKD19.1

[ET Net News Agency, 19 December 2024] CCB International raised the target price for
Mengniu Dairy (02319) to HKD19.1 from HKD13.4 and upgraded the rating to "outperform" from
"neutral".
The research house said it expects Mengniu to benefit from modest improvement in liquid
milk demand in China in 2025F, driven a recovery in consumption, a wider range of
consumption scenarios and sales channels, and new product launches. (rc)

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