On May 28, Mengniu Dairy rose 3.34% in regular trading, trading at 17.16 HKD/share, with trading volume of approximately 30.13 million HKD.

On the news front, the company has significantly accelerated its share repurchase program in recent days, which, coupled with bullish institutional outlooks on the raw milk cycle, is jointly boosting market sentiment. Specifically, Mengniu repurchased 600,000 shares on May 27 for approximately 9.89 million HKD at prices between 16.41-16.52 HKD per share, 300,000 shares on May 26 for approximately 5.00 million HKD at 16.64-16.73 HKD, and 450,000 shares on May 22 for approximately 7.55 million HKD at 16.72-16.82 HKD. The intensifying buyback pace signals strong management confidence.

Meanwhile, CLSA maintained its high-conviction outperform rating on Mengniu, forecasting a raw milk price rebound in the second half of the year as industry overcapacity continues to diminish. China Merchants Securities International upgraded Mengniu to a Buy rating, noting that bottoming raw milk prices mark a critical inflection point for the entire dairy supply chain, potentially triggering a cross-year valuation re-rating cycle.

(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.)