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

26/11/2019 17:03

{I-bank focus}Synergies for Mengniu Dairy (02319) & LDD seen

[ET Net News Agency, 26 November 2019] China Mengniu Dairy (02319) announced to acquire
100% of "Lion-Dairy & Drinks Pty Ltd", an indirect Australian unit of Kirin Holdings, for
A$600m, or HK$3.2bn.
By producing the group's increasing ultra-heat treatment (UHT) milk products in target
group's manufacturing facilities in Australia, Mengniu could capture the profit margin
previously reaped by third-party services providers, J.P. Morgan said.
The research house believes the acquisition further opens-up potential raw milk and
other ingredient sourcing opportunities which will bring about additional synergies within
the group.
From a supply chain perspective, the collaboration between target group, Burra Foods and
Bellamy's will potentially generate even greater synergies while providing better products
to consumers across the Asia-Pacific region.
JPM maintained its Overweight rating on Mengniu, with a price target of HK$38. (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.