Consumer Staples Nov 20, 2020 04:33 PM (GMT+8) · EqualOcean
CICC released a research report, saying that Mengniu's medium-term operating profit margin has room for improvement. Considering the high cost pressure of milk price from the second half of this year to next year, and the impact of the late lunar new year next year, CICC lowered its net profit forecast from 2020 to 2021 by 4% and 1.6%, maintaining the target price of 43 yuan and the "outperforming industry" rating.
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