UOB Kay Hian Maintains Buy Rating on Mengniu Dairy with HK$21.7 Target Price

Stock News03-09

UOB Kay Hian has issued a research report maintaining a "Buy" rating on MENGNIU DAIRY (02319) with a target price of HK$21.7. The brokerage estimates that the company's core net profit for the previous year was between RMB 3.1 billion and RMB 3.5 billion. Starting from the second half of 2025, liquid milk revenue is expected to show stable quarter-on-quarter growth, achieving stabilization and recovery. Additionally, fresh milk, milk powder, and cheese products achieved double-digit growth in 2025 and maintained strong growth momentum.

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