On June 17, Mengniu Dairy fell 3.07% in regular trading, trading at 15.8 HKD/share with turnover of approximately 82.79 million HKD. The stock breached its June 5 panic-selling close of 15.89 HKD, marking a new recent low.

The decline reflects lingering market anxiety following an unverified channel report suggesting Mengniu's May liquid milk shipments fell by low-single digits year-over-year. Although BofA Securities and CLSA issued supportive notes on June 9, stating the selloff was driven by misinformation and reiterating buy ratings, investor confidence has been slow to recover. The company has conducted multiple share buybacks, including a 1.63 million HKD repurchase on June 15, but these measures have failed to halt the slide.

Adding to headwinds, non-executive director Meng Fanjie resigned on June 10. Structurally, Mengniu's liquid milk segment — its core revenue pillar — has seen consecutive double-digit declines over the past two years, while its revenue gap with rival Yili widened to 33.4 billion yuan. These fundamental concerns continue to weigh on sentiment despite consensus buy ratings with a 90-day average target of 23.81 HKD.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)