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.)
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