---
title: "In \"The Big Banks,\" China International Capital Corporation lowered the target price for Mengniu Dairy to 16.8 yuan and downgraded the rating to \"Hold.\""
description: "BOC International has lowered the target price for Mengniu to RMB 16.8 and downgraded the rating from \"Buy\" to \"Hold.\" The report indicates that Mengniu's net profit in the first half of the year decr"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/255712049.md"
published_at: "2025-09-03T04:02:47.000Z"
---

# In "The Big Banks," China International Capital Corporation lowered the target price for Mengniu Dairy to 16.8 yuan and downgraded the rating to "Hold."

> BOC International has lowered the target price for Mengniu to RMB 16.8 and downgraded the rating from "Buy" to "Hold." The report indicates that Mengniu's net profit in the first half of the year decreased by 16.4%, and revenue fell by 6.9%, which was below expectations. Although the core operating profit margin has expanded, management has lowered the guidance for the fiscal year 2025, expecting revenue to decline in the mid to high single digits. Considering the slow recovery of liquid milk demand, BOC International has reduced the total revenue forecast for 2025 to 2027 by 7%

Bank of China International published a research report indicating that Mengniu Dairy (02319.HK) saw a 16.4% year-on-year decline in net profit for the first half of the year, with revenue falling by 6.9%, which was below expectations. Although the core operating profit margin expanded by 1.5 percentage points year-on-year, management has lowered the guidance for fiscal year 2025, with the latest forecast predicting a mid-to-high single-digit year-on-year decline in revenue and a flat core operating profit margin year-on-year.

Bank of China International stated that, considering the slower-than-expected recovery in liquid milk demand, it has lowered its total revenue forecast for Mengniu for the years 2025 to 2027 by 7%. The bank noted that it is still waiting for a turning point in the industry cycle, believing this could lead to a potential re-rating of China's dairy industry leaders. The bank has downgraded Mengniu's rating from "Buy" to "Hold," with the target price reduced from HKD 23.3 to HKD 16.8

### Related Stocks

- [CIADY.US - Mengniu Dairy](https://longbridge.com/en/quote/CIADY.US.md)
- [02319.HK - MENGNIU DAIRY](https://longbridge.com/en/quote/02319.HK.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| 中國蒙牛乳業 (OTCMKTS:CIADY) 1 月份空頭頭寸增加了 40.1% | 中國蒙牛乳業（OTCMKTS:CIADY）在 1 月份的空頭頭寸增加了 40.1%，截至 1 月 15 日總計為 25,692 股，較 12 月底的 18,337 股有所上升。目前空頭頭寸比率為 0.9 天，賣空股份佔比為 0.0%。分析師 | [Link](https://longbridge.com/en/news/274409169.md) |
| 恒指季檢揭盅 寧德時代與老鋪黃金、洛鉬染藍 藍籌股增至 90 隻 | 恆指公司公布最新季檢結果，寧德時代、老鋪黃金及洛陽鉬業被納入恆指成分股，成分股增至 90 隻，同時剔除中升集團。國指方面，貝殼及地平線機器人被納入，華潤啤酒及蒙牛乳業被剔除，成分股維持 50 隻。科指沒有成分股變動。 | [Link](https://longbridge.com/en/news/275886502.md) |
| 滙豐中銀連股息賺七成不輸黃金 港美傳統股當旺 林本利：可趁機減磅 | 林本利預測恆指今年將在 23000 至 30000 點間波動，建議持有傳統金融和地產股的投資者可趁機減持，轉向大型科技股。他指出，儘管金價上漲，但持有滙豐和中銀的收益與黃金相當，過去一年收益超過七成。林本利分析了港股和美股的表現，認為傳統股 | [Link](https://longbridge.com/en/news/275987801.md) |
| 巴拿馬港口｜長和啟動國際保障機制 要求當局磋商 斥馬士基接管構成損害 | 長和（001）就巴拿馬港口爭議通知巴拿馬，要求磋商並尋求解決方案。長和警告馬士基接管港口將造成損害，並可能引發法律行動。巴拿馬政府未提供港口運營保障，長和表示若港口特許經營權被迫終止，將無法繼續運營。巴拿馬海事管理局依賴馬士基成為港口臨時管 | [Link](https://longbridge.com/en/news/275768883.md) |
| 艾可菲通過 myEquifax 移動應用直接向美國消費者提供 Optimal Path™解決方案 | 艾可菲推出了 Optimal Path™，一款互動信用評分規劃工具，通過 myEquifax 移動應用免費提供。利用其先進的雲原生平台和 EFX.AI 能力，Optimal Path 提供個性化的 30 天行動計劃，幫助消費者提高他們的 V | [Link](https://longbridge.com/en/news/276169958.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.