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25048 UB-HSI @EC2412E (CALL)
RT Nominal unchange0.030 0.000 (0.000%)

30/08/2024 14:41

{I-bank focus}UBS lowers Mengniu Dairy (02319) to HKD17.6

[ET Net News Agency, 30 August 2024] UBS lowered the target price for Mengniu Dairy
(02319) to HKD17.6 from HKD24.9 and maintained the "buy" rating.
The research house said considering the raw milk oversupply and still weak demand, it
cuts the company's revenue and lifts S&M expenses in 2024-26E. (rc)

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