Movement Alert|MENGNIU DAIRY Rises 3.1% in Regular Trading, Consecutive Buybacks and Broker Upgrades Boost Confidence Post Interim Results

Market Focus09-04

On September 4, MENGNIU DAIRY rose 3.1% in regular trading, trading at HK$18.3/share, with turnover of HK$117 million. The rebound follows three consecutive trading days of post-earnings decline and appears driven by sustained share buybacks and investment bank target price upgrades.

From August 31 to September 3, the company repurchased a total of 990,000 shares across three consecutive trading days, spending approximately HK$17.73 million, bringing year-to-date cumulative buybacks to around HK$143 million. Repurchase prices ranged from HK$17.64 to HK$17.98 per share, signaling management confidence in the company's intrinsic value.

On the broker side, Jefferies raised its target price to HK$25.80 from HK$22.60, maintaining a Buy rating. UBS also lifted its target to HK$22 from HK$21.2, citing record-high core operating profit in H1. The company reported H1 revenue of RMB 44.8 billion, up 7.8% year-over-year, with net profit of RMB 2.37 billion, up 15.9%. Management guided full-year revenue growth upward from mid-single-digit to high-single-digit, with analysts noting a clear earnings inflection point.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment