On June 30, China Mengniu Dairy declined 3.03% in regular trading, trading at 16.23 HKD/share with turnover of approximately 77.26 million HKD. The decline came amid broad-based selling pressure across the packaged foods and meats sector.
Within the sector, peers fell in tandem, with WH Group down 1.65%, First Pacific down 2.44%, Muyuan down 3.11%, Andre Juice down 1.37%, and WL Delicious down 1.37%. Brokerage research notes that the food and beverage sector has significantly underperformed in the first half of the year, with relative valuations versus the broader market hitting a two-decade low, reflecting persistent investor caution toward consumer staples.
Notably, the company has been actively conducting share buybacks throughout June at prices ranging from 15.40 to 16.30 HKD per share, while multiple investment banks maintain bullish ratings, including Morgan Stanley with a 20 HKD target price and Bank of America reiterating a buy rating at 21 HKD, citing liquid milk recovery and attractive valuations at approximately 11.2x forward earnings.
(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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