CCB International raised the target price for Mengniu Dairy (02319) to HKD19.1 from HKD13.4 and upgraded the rating to "outperform" from "neutral".
The research house said it expects Mengniu to benefit from modest improvement in liquid milk demand in China in 2025F, driven a recovery in consumption, a wider range of consumption scenarios and sales channels, and new product launches.
19/12/2024 14:40
{I-bank focus}CCB raises Mengniu Dairy (02319) to HKD19.1
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