China Mengniu Dairy Revenue Outlook Seems Positive -- Market Talk
Dow Jones
Jun 04
0842 GMT - China Mengniu Dairy's revenue outlook looks positive, Steven Nie of Daiwa says in a research note. The analyst reckons Mengniu's liquid milk revenue continued to rise in April, estimating about 3% on-year growth. For 2026, he expects channel expansion to spur sales volume growth of 6%, a rebound from last year's 8% drop. Risks to the outlook include a weaker-than-expected recovery in downstream demand, he says. Daiwa keeps a buy rating on the stock but lowers the target price to HK$21.50 from HK$22.00 on a sector derating. Shares close at HK$16.96. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
June 04, 2026 04:43 ET (08:43 GMT)
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