Movement Alert｜MENGNIU DAIRY Intraday Rise 3.25% in Regular Trading, Buybacks and Bullish Dairy Outlook Support Sentiment

Market Focus10-30

On October 30, MENGNIU DAIRY rose 3.25% in regular trading, with the stock at HK$19.09 and turnover at HK$137 million.

The clearest recent catalyst is a combination of continued share buybacks and improving sector sentiment tied to a firmer raw milk cycle and expectations of competitive improvement for leading dairy names.

Company disclosures show MENGNIU DAIRY repurchased 100,000 shares on October 28 for about HK$1.80 million, after buying back 50,000 shares on October 27 for about HK$0.90 million. The company received a repurchase mandate on June 5 allowing up to 387,890,251 shares to be bought back. Separately, recent broker commentary remained constructive: one major house reiterated a high-conviction outperform rating and a HK$22.9 target price, arguing that rising raw milk prices and a better industry structure could help MENGNIU DAIRY continue recovering liquid milk market share.

(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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