0927 GMT - China Mengniu Dairy remains attractive despite one-off losses, Jefferies analysts say in a note. The company expects to report 2024 net profit of 50 million yuan to 250 million yuan due mainly to subsidiary Bellamy's impairment. The analysts note the higher-than-expected provisions and short-term headwinds, such as weak consumer demand and raw milk supply-demand imbalance, but say the concerns appear to be priced in. They expect the dairy company to sharpen its focus on its core business and improve management execution moving forward. Jefferies keeps a buy rating on the stock, with a target price of HK$28.40. Shares closed 10% higher at HK$17.26. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 04:27 ET (09:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。