China Mengniu Dairy's Long-Term Outlook Remains Optimistic
Dow Jones09-01
0251 GMT - China Mengniu Dairy's long-term outlook remains optimistic to Morningstar's Cheng Wang. The dairy producer is making progress in diversifying its product portfolio beyond liquid milk, the analyst says. It is also set to benefit as consumers opt for fresh products instead of shelf-stable ones. Management has raised 2026 revenue growth guidance to high single digit from mid single digit, driven by an expected recovery in China's dairy market. Morningstar maintains its fair value estimate on the stock at 23.00 Hong Kong dollars. Shares are 0.3% lower at HK$18.04.
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