No Data
No Data
Express News | 71 stocks received financing to buy over 100 million yuan, Citic Securities received the highest buying amount of 0.615 billion yuan.
Credit Suisse | Lyon downgrades target price for Mengniu and Yili, lowering earnings forecast from 2021 to 2026.
Lyon believes that China's raw milk prices have fallen by 12% year-on-year since this year, reflecting an imbalance in supply and demand, influenced by the slower-than-expected reduction in excess production capacity. The bank's channel survey shows that demand for liquid milk has weakened, with sales in May and June falling by double digits year-on-year. Currently, more discounts are in response to weak demand passively. It is expected that product prices will return to normal after demand picks up and inventory is cleared. Lyon prefers Mengniu, based on its low valuation, unchanged leadership position, and potential to improve shareholder returns. They also believe that the stock price has reflected the challenges facing it. The bank lowered its net income forecast for Mengniu from 10% to 14% from this year to 2026 and lowered its target price to 22.
Yili Dairy Products has obtained approval from the US FDA and opened its first flagship store locally.
China's dairy product brand Yili has obtained approval from the US Food and Drug Administration (FDA) and opened its first flagship store in Los Angeles, USA. The flagship store is located inside one of the largest Asian chain supermarkets in the United States, 99 Ranch Market. Yili's multiple products have received formal approval from the FDA, including AMBPOMIAL and Youngfun liquid dairy products, as well as Chocliz, Bitter Coffee, and Yili Pasture, and are available to American consumers.
Express News | Yesterday, 26 individual stocks received a net buy of more than 100 million yuan from northbound funds, with ZTE's net buy of 0.741 billion yuan.
Express News | A share buyback overview of A-share companies: 47 companies disclose progress on buybacks.
Express News | The northbound capital had a significant net purchase of CNY 14.111 billion, with ZTE, China Yangtze Power, and Foxconn Industrial Internet receiving net purchases of CNY 0.739 billion, CNY 0.316 billion, and CNY 0.279 billion respectively. Inner Mongolia
No Data