[ET Net News Agency, 30 September 2021] Citi initiates coverage of Youran Dairy (09858)
with a target price of HK$7.4 and a "buy" rating.
The research house said Youran is a leader among China's dairy farming companies, with a
business layout covering the entire upstream dairy value chain including raw milk, feed,
and breeding businesses, which it believes helps the company benefit from compelling
synergies and enhances operating efficiency. (RC)