Huatai keeps Buy rating for Mengniu stock at HKD 25.30 target

Published on 10/20/2026 at 18:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 7.80 percent to CNY 44.79 billion in 2026. Mengniu stock costs EUR 2.14 on October 20, 2026 at Lang & Schwarz.

Analyst target and earnings

Huatai Securities maintained a Buy rating and a HKD 25.30 target on October 14, 2026.
Revenue reached CNY 44.79 billion in the first half of 2026, up 7.80 percent year over year.
Mengniu stock costs EUR 2.14 at Lang & Schwarz on October 20, 2026 at 6:40 p.m. CEST.

Mengniu, KYG210961051, Illustration mit AI erstellt.

Huatai Securities maintained a Buy rating and a HKD 25.30 target for China Mengniu Dairy on October 14, 2026, according to Markets Insider. The target is 34.15 percent above the HKD 18.86 Hong Kong price recorded on October 20, 2026. At Lang & Schwarz, Mengniu was trading at EUR 2.14 on October 20, 2026 at 6:40 p.m. CEST.

Revenue recovery meets margin pressure

China Mengniu Dairy reported revenue of CNY 44.79 billion for the six months ended June 30, 2026, up 7.80 percent from CNY 41.57 billion a year earlier. Operating profit reached CNY 3.68 billion, an increase of 3.90 percent, while profit attributable to owners rose 15.90 percent to CNY 2.37 billion, according to FilingReader.

The improvement was uneven. Gross profit rose 5.20 percent to CNY 18.26 billion in the first half, slower than revenue growth, leaving gross margin at 40.76 percent, down 0.99 percentage points from the prior-year period.

Stock remains below its yearly high

On the Hong Kong Exchange, Mengniu last traded at HKD 18.86 on October 20, 2026 at 4:08 p.m. HKT. The price stood between the 52-week low of HKD 13.88 and high of HKD 19.67, with the high 4.12 percent above the latest Hong Kong price.

The company had a market capitalization of HKD 72.8 billion and a price-to-earnings ratio of 33.37 on October 20, 2026. Its stock is listed on the Hong Kong Exchange under ticker 2319, while the business operates across liquid milk, ice cream, milk formula, cheese and other dairy products.

What does the target imply?

Huatai Securities lowered its target from HKD 25.65 to HKD 25.30 while retaining its Buy rating, as reported on October 13, 2026 by Futu. The revised target still implies 34.15 percent upside from the HKD 18.86 Hong Kong price, but the first-half gross-margin decline keeps profitability central to the valuation discussion.

Investor view

Mengniu combines faster first-half revenue growth with a smaller gross-profit increase and a lower gross margin. The market price remains below the 52-week high, while the latest analyst target points to a wide valuation gap.

The further course of trading is shown by the continuously updated real-time quote of Mengniu stock.