The Zhitong Finance App learned that Mengniu Dairy (02319) was higher in the intraday period. As of press release, it had risen 6.61% to HK$19.35, with a turnover of HK$422 million.
According to the news, Galaxy Securities pointed out that Mengniu has long-term investment value as one of the two major players in the dairy industry. In the past 5 years, the company has experienced phased adjustments due to the downturn in the industry cycle and its own strategic factors. At present, the bank believes that the company's fundamentals and valuation have been fully adjusted, and the bottom line is gradually clear. In the future, as the dairy industry enters a new cycle of development, the company is expected to start a new round of growth with its deep heritage.
It is worth mentioning that the price of raw milk has continued to fall for the past 5 years, and July 2026 ushered in a positive year-on-year growth rate for the first time. Yili Co., Ltd. said at the 2026 third quarter results briefing that since this year, supply and demand in the upstream industry chain have continued to be optimized. In the third quarter, contract milk prices in the industry have risen slightly year-on-year, and supply and demand have gradually entered balance. Looking at next year, demand-side packaged dairy products are expected to pick up moderately, the trend of substituting domestic products for deep milk processing will continue, milk prices are expected to enter a stage of moderate recovery, and the industry will return to a healthier and more rational stage of development.