Macquarie raised its target price for Mengniu Dairy (02319) to HK$56 from HK$54 and maintained its "outperform" rating.
The research house said it increases its 2021-2023 revenue forecasts by 0.7% due to strong liquid milk demand but lower its net profit estimates by 11.6%/13.3%/14.1% due to GPM pressure.
22/07/2021 17:23
{I-bank focus}Macquarie ups Mengniu Dairy (02319) to HK$56
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