Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Real-Time Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
02319 MENGNIU DAIRY
RTNominal down31.550 -0.150 (-0.473%)
Others

28/11/2019 17:58

Mengniu Dairy's war chest sufficient for acquisitions - S&P

[ET Net News Agency, 28 November 2019] S&P Global Ratings today said China Mengniu
Dairy Co. Ltd.'s (02319) good operating cash flow and high cash balance will provide a
sufficient buffer against its capital investments and potential acquisitions over the next
12-24 months.
The credit rating agency also expects the company to maintain its good organic growth
prospects through ongoing product innovation and strengthening distribution capability,
despite intense competition and the rising cost of raw milk in China.
S&P affirmed its 'BBB+' long-term issuer credit rating on Mengniu and the 'BBB+'
long-term issue rating on the company's existing senior unsecured notes.
The stable outlook reflects S&P's expectation that Mengniu will maintain its good market
position in China and manage the integration and execution risks associated with its
acquisitions. (KL)

Remark: Real time quote last updated: 24/01/2020 17:59
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2020 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.