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<Research>JPM Keeps Overweight on MENGNIU DAIRY But Cut TP to HKD20, Expects Reversal in This Yr's Sales & Earnings Trends
Recommend 4 Positive 11 Negative 2 |
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JPMorgan has released a research report predicting MENGNIU DAIRY (02319.HK)'s 2026 sales and adjusted earnings to rebound by 2% and 17% YoY, compared to YoY declines of 7% and 8% respectively in 2025. In the broker's estimate, the competitive environment will become more favorable this year. Despite moderate overall demand and competition from other beverages such as coffee and tea, MENGNIU DAIRY is still actively optimizing its product mix and expanding new channels to regain market share. JPMorgan has rated MENGNIU DAIRY as Overweight but cut its target price from HKD22 to HKD20, anticipating strong sales during the Chinese New Year to serve as a short-term catalyst. AAStocks Financial News |
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