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<Research>BofAS Adds MENGNIU DAIRY (02319.HK) TP to $21, Reiterates Buy Rating
Recommend 4 Positive 9 Negative 2 |
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MENGNIU DAIRY (02319.HK) has high earnings visibility for 2026, making it the top pick among Chinese consumers, BofA Securities issued a research report saying. The Company is expected to record a net profit of RMB4.861 billion in 2026, further rising to RMB5.43 billion in 2027, returning to historical high. The broker raised its 2026/ 2027 EPS forecasts by 3%, and added its target price from $20 to $21, with rating reiterated at Buy. MENGNIU DAIRY's management expected mid-single-digit YoY revenue growth this year under the base case scenario, BofA Securities added. AASTOCKS Financial News Website: www.aastocks.com |
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