Movement Alert｜MENGNIU DAIRY Intraday Rise 3.32% in Regular Trading, dairy upcycle expectations and recent buybacks support sentiment

Market Focus11-02

On November 2, MENGNIU DAIRY rose 3.32% in Regular Trading, trading at HK$20.52, with turnover of HK$110 million.

The move followed continued strength in dairy shares as recent market reports pointed to tighter raw milk supply, firmer pricing and improving industry competition, while the company’s ongoing share buybacks added support to shareholder-return expectations.

Recent disclosures show MENGNIU DAIRY repurchased 50,000 shares on October 27 for about HK$0.90 million and 100,000 shares on October 28 for about HK$1.80 million, extending a buyback streak that has run since September. Earlier company results also showed first-half revenue of RMB44.795 billion, up 7.8%, and adjusted net profit of RMB2.371 billion, up 15.9%. Separately, broker commentary in late October reiterated a positive stance on the sector, citing an upward raw milk price cycle and potential market-share recovery for leading liquid milk producers.

(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.)

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