G Sachs: MENGNIU DAIRY Liquid Milk Growth Recovers, Reiterates Buy Rating
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G Sachs has reiterated a Buy rating for MENGNIU DAIRYafter a recent meeting with management, who expressed confidence in an industry recovery by 2026. Factors supporting this outlook include stabilizing demand, improved pricing dynamics, and growth in emerging channels. MENGNIU DAIRY aims for mid-single-digit revenue growth in 2026, with liquid milk showing positive growth in Q1 2026. The target price is set at HKD21.4.
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