UBS slightly lowers Mengniu Dairy's target price to 20.5 yuan, maintains "Buy" rating

AASTOCKS
2026.01.14 03:20

UBS published a research report indicating that Mengniu (02319.HK) faced ongoing pressure on overall performance last year, with full-year revenue expected to decline in the mid to high single digits, primarily due to the performance of liquid milk amid weak consumer demand, oversupply of raw milk, and fragmented distribution channels.

Looking ahead to 2026, Mengniu's management aims to rely on product innovation, expansion of new retail channels, and improvement of product mix to support sales returning to positive growth. Additionally, shareholder returns remain a priority for the company, including stable dividends and consideration of potential share buybacks. UBS slightly lowered Mengniu's target price from HKD 20.6 to HKD 20.5, maintaining a "Buy" rating

Source: AASTOCKS The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
© 2026 Longbridge｜Disclaimer