CICC: Mengniu's medium-term operating profit margin may be improved to maintain the "outperforming industry" rating
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.
This text is a result of machine translation.
Related companies：
In-depth
Financials, Consumer Discretionary, Consumer Staples
Is the U.S. TikTok the biggest opportunity for going global in 2024?
TikTok, a short-video social platform under ByteDance, made its debut in May 2017 and has since become a global phenomenon with over 1 billion active users worldwide.
Jan 16, 2024 06:05 AM
Dec 11, 2023 08:49 PM
Apr 25, 2022 01:02 PM
Research
Consumer StaplesChina’s Food and Beverage Industry in Search of Methods to Shrink its Carbon Footprints
Apr 19, 2022 11:38 PM
Jun 29, 2021 11:48 PM
Briefing May 21, 2022 09:59 AM
· Consumer Staples
Maotai Group: it will carry out in-depth cooperation with Mengniu Group in ice cream and other fields
Briefing Dec 06, 2021 01:19 PM
· Consumer Staples
MSCI's rating was upgraded and Mengniu's ESG rating was upgraded to "BBB"
Briefing Aug 25, 2021 10:58 PM
Mengniu Dairy: revenue of 45.91 billion yuan and net profit of 2.95 billion yuan in the first half of the year
Briefing Jul 07, 2021 12:02 AM
· Consumer Staples
China Shengmu: wholly owned subsidiary of China Mengniu increases 12.48% of the company's shares
Briefing Aug 27, 2020 09:58 AM
· Consumer Staples
Mengniu Dairy: Revenue Falls 5.80% YoY to CNY 37.53 Billion in 1H 2020
See more
Read next
Insight
In-depth
Consumer Staples · Analysis
Chinese Cuisine Brand YGF Malatang Ventures into Brazil
Apr 23, 2024 02:21 PM