Inner Mongolia Yili Industrial Group's Sales Growth May Turn Positive in 4Q -- Market Talk

Dow Jones2024-11-01

0743 GMT - Inner Mongolia Yili Industrial Group's sales growth may turn positive in 4Q, China Galaxy International analysts say, citing healthy channel inventory and earlier Lunar New Year holidays in 2025. Management also expects China's birth rate to improve this year, boosting demand for infant milk powder, the analysts note. The dairy products producer upgraded its infant milk powder products this year and improved its market share in terms of value by 2 percentage points to 13.2% in first nine months of 2024. The brokerage raises its target price for the stock to CNY32.00 from CNY31.00 with an unchanged add rating. Shares are 1.4% higher at CNY28.30. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 01, 2024 03:43 ET (07:43 GMT)

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The dairy products producer upgraded its infant milk powder products this year and improved its market share in terms of value by 2 percentage points to 13.2% in first nine months of 2024. The brokerage raises its target price for the stock to CNY32.00 from CNY31.00 with an unchanged add rating. Shares are 1.4% higher at CNY28.30. 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Management also expects China's birth rate to improve this year, boosting demand for infant milk powder, the analysts note. The dairy products producer upgraded its infant milk powder products this year and improved its market share in terms of value by 2 percentage points to 13.2% in first nine months of 2024. The brokerage raises its target price for the stock to CNY32.00 from CNY31.00 with an unchanged add rating. Shares are 1.4% higher at CNY28.30. 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