[ET Net News Agency, 19 December 2023] Macquarie lowered its target price for Mengniu
Dairy (02319) to HKD32 from HKD35 and maintained its "outperform" rating.
The research house said it lowers 2023E/24E/25E net income estimates by 12%/6%/4%,
respectively, on one-off impairment and slower revenue growth. (RC)