Movement Alert｜Mengniu Dairy Rises 3.1% in Regular Trading, Multiple Investment Banks Issue Bullish Calls Amid Continued Buybacks

Market Focus06-10

On June 10, Mengniu Dairy rose 3.1% in regular trading, trading at HK$16.62 per share, with trading volume of approximately HK$89.44 million.

On the news front, multiple international investment banks recently issued bullish research reports in quick succession. Morgan Stanley expects Mengniu's share price to rise in absolute terms within the next 15 days with an estimated probability of 70%-80%, maintaining an \"Overweight\" rating with a target price of HK$20. The bank projects overall sales growth of 5.5% and notes an attractive forward P/E of approximately 11.2x. Bank of America Securities considers the recent selloff \"irrational\" and driven by misinformation, reiterating a \"Buy\" rating with a target price of HK$21. Daiwa raised its EPS forecasts for 2026-2028 by 2%-5%, citing better-than-expected sales recovery trends.

Simultaneously, the company continued share buybacks to support its stock price, spending approximately HK$16.05 million to repurchase 1 million shares on June 5 and a further HK$7.19 million for 441,000 shares on June 8. The resonance between institutional upgrades and corporate buyback actions underpinned the rebound.

(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.

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Morgan Stanley expects Mengniu's share price to rise in absolute terms within the next 15 days with an estimated probability of 70%-80%, maintaining an \\\"Overweight\\\" rating with a target price of HK$20. The bank projects overall sales growth of 5.5% and notes an attractive forward P/E of approximately 11.2x. Bank of America Securities considers the recent selloff \\\"irrational\\\" and driven by misinformation, reiterating a \\\"Buy\\\" rating with a target price of HK$21. Daiwa raised its EPS forecasts for 2026-2028 by 2%-5%, citing better-than-expected sales recovery trends.</p><p>Simultaneously, the company continued share buybacks to support its stock price, spending approximately HK$16.05 million to repurchase 1 million shares on June 5 and a further HK$7.19 million for 441,000 shares on June 8. 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