Mengniu Dairy stock fell 1.46 percent as buyback continued

Published on 10/04/2026 at 17:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mengniu Dairy stock fell 1.46 percent to HKD 17.58 on October 2 after a HKD 10.9635 million buyback. First-half revenue rose 7.8 percent.

Mengniu Dairy, HK0000002961, Illustration mit AI erstellt.

Mengniu Dairy stock closed at HKD 17.58 on the Hong Kong Stock Exchange on October 2, 2026, down 1.46 percent from the prior close. The company repurchased 626,000 shares for HKD 10.9635 million that day, according to Futubull.

Buyback meets a weaker session

The repurchase price ranged from HKD 17.42 to HKD 17.58, while the stock traded between HKD 17.08 and HKD 17.63 during the October 2 session. The buyback therefore reached the top of the day's trading range, but the shares still lost HKD 0.26 by the close.

The latest buyback adds to a cumulative 5.413 million shares repurchased since the mandate was approved, equal to 0.14 percent of issued shares, according to JPMorgan Warrants. For investors, the capital-return signal is visible, but the daily price action shows that it has not removed short-term selling pressure.

First-half sales recover

Mengniu's interim report for the six months ended June 30, 2026, showed revenue of CNY 44.7949 billion, up 7.8 percent year over year. Profit attributable to shareholders rose 15.9 percent to CNY 2.3715 billion, while basic earnings per share increased 17.0 percent to CNY 0.612, according to Futubull.

The recovery came with a margin trade-off. First-half gross margin was 40.8 percent, down 0.9 percentage points year over year, while operating profit increased 3.9 percent to CNY 3.6763 billion. Rising packaging and other raw-material costs, together with product price adjustments, restrained gross-profit expansion even as better expense control supported earnings.

Consensus target remains higher

A consensus compiled by Investing.com rates China Mengniu Dairy a Strong Buy based on 25 analysts, with 25 Buy ratings and 1 Hold rating. The average 12-month price target is HKD 23.22, compared with HKD 17.58 on October 2, putting the target 32.1 percent above the stock price; the published high target is HKD 28.76737937 and the low target is HKD 18.27549947.

S&P Global Ratings revised Mengniu's credit outlook to Positive from Stable on September 10, 2026, while affirming its BBB+ rating. It forecast dairy revenue growth of 7.1 percent in 2026, but also identified subdued Chinese consumption and stronger competition as risks.

Stock sits below yearly high

Mengniu Dairy stock was last at HKD 17.58 on October 2, 2026, with a 52-week range of HKD 13.88 to HKD 19.67. Its market capitalization was HKD 67.9 billion and trading volume reached 12,853,600 shares on the Hong Kong Stock Exchange.