JPMorgan has released a research report maintaining an "Overweight" rating on Mengniu Dairy (02319), anticipating that the robust sales during this year's Lunar New Year period will act as a short-term catalyst. The bank expects this year's sales and adjusted earnings to rebound by 2% and 17% year-on-year, respectively. It is believed that the competitive landscape will become more favorable this year; although overall demand remains moderate and the company faces competition from other beverages like coffee and tea, it is actively optimizing its product mix and expanding into new channels to recapture market share.