HU-MNIU@EC2612A

Mengniu Dairy Boosts Sales Conversion with Winter Olympics Marketing on Track for a Strong Start

Mengniu Dairy Sees 40.1% Increase in Short Positions, Analysts Upgrades Stock Rating

Yili's Marketing Campaign Backfires, Boosts Mengniu's Sales

J.P. Morgan Maintains 增持 Rating for Mengniu with Price Target Cut

Mengniu Accelerates Penetration of Meikelu Founder Chai Xiu Removed

Citi Report Predicts Mengniu's Profit Recovery to Outpace Peers in 2026

UBS Publishes Report on Mengniu: Aims for Positive Growth in 2026

Mengniu Responds to European Infant Formula Recall

Mogudinguo Benefits from EU Dairy Product Anti-subsidy Tariffs, Major Shareholder Increases Holding

China Imposes Tariffs on EU Dairy to Support Domestic Industry

Mengniu Dairy repurchased 200,000 shares for HKD 3,022,700

Mengniu Dairy Repurchased 200,000 Shares for HKD 2.9675 Million

Mengniu Dairy repurchased 200,000 shares

Mengniu Dairy Repurchased 200,000 Shares for HKD 2.918 Million

Mengniu Dairy Repurchased 200,000 Shares for HKD 2.944 Million

Yili and Mengniu See Growing Performance Gap

Mengniu Dairy repurchased 200,000 shares for HKD3.0355 million

Mengniu Dairy Donates HKD 12 Million in Collaboration with China Charity Federation to Aid Affected Residents

Mengniu Completes A-Round Financing and Demonstrates Stable Shareholder Returns

CCOE

STARCOIN GROUP

ONEFORCE HLDGS

ROYAL DELUXE

STELUX HOLDINGS

TE HEALTHCARE

ASIAPAC FIN INV

WELIFE TECH

DRINDA

TIMELESS

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BEKE

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HBBD

BABA

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CIADY

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XPEV

0225 | Dolphin Research Key Watch: 🐬 Macro/Industry 1) Today, Hong Kong Financial Sec. Paul Chan unveiled the FY2026/27 Budget, focused on I&amp;T and finance, with measures to support the AI industry, advance RMB internationalization, improve livelihoods, and develop the Northern Metropolis. On hard tech, the HKSAR Gov. will set up a HK$10 bn I&amp;T Industry Co-investment Fund, targeting strategic areas including life sciences &amp; healthcare, AI and robotics. The Budget projects Hong Kong GDP growth of 2.5%-3.5% in 2026...

HK Budget Ups I&T; META, AMD Seal 100bn-Class Compute Deal | Daily News Recap

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Hang Seng Indexes Company announced that in the quarterly review results up to December 31, 2025, the Hang Seng China Enterprises Index will add BEKE-W and HORIZONROBOT-W, while removing CHINA RES BEER and Mengniu Dairy. The total number of constituent stocks will remain at 50, and all changes will be implemented after the market closes on March 6, 2026, and will take effect on March 9, 2026

AASTOCKS

Hang Seng China Enterprises Index

HSCEI ETF

Penghua CSI Alcoholic Drink ETF

HORIZONROBOT-W

MENGNIU DAIRY

BEKE-W

CHINA RES BEER

Mengniu Dairy

In the "Quarterly Review," the Hang Seng China Enterprises Index includes BEKE-W and HORIZONROBOT-W while excluding CHINA RES BEER and Mengniu Dairy

TCEHY

000858

JP Morgan released a report reiterating the bullish trade on Chinese consumption during the Lunar New Year period, expecting the Chinese yuan to appreciate by 1.1% against the US dollar by 2026. The report listed a recommended list of Chinese consumption concept stocks ahead of the Lunar New Year, including Tencent, LAOPU GOLD, MGM CHINA, TAL Education, TRIP.COM, HAI TIAN, Moutai, MENGNIU DAIRY, and WLY, all rated as overweight with varying target prices

Tencent

iShares China Large Cap

MGM CHINA

iShares MSCI China

HAI TIAN

TRIP.COM-S

Moutai

LAOPU GOLD

Krne Csi China Internet

Yinhua MSCI China A ETF

Tencent Holdings Limited

Huaan Yifu Gold ETF

China Merchants CSI Liquor Index Fund-A

Direxion FTSE China Bull 3X

TENCENT

JP Morgan lists recommended Chinese consumer concept stocks for the Lunar New Year (Table)

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Shareholders of Shenzhen Tian Tu Investment Management Co., Ltd. have approved the sale of the group's interest in Youmi Dairy Co., Ltd. with 94.82% of votes in favor at the extraordinary general meeting. The resolution passed without abstentions, and all directors attended the meeting, representing approximately 36.71% of issued shares voting on the proposal.

Reuters

Hwabao WP CSI Food & Beverage Sub-Industry ETF

Yantang Dairy

China Merchants Guozheng Food and Beverage ETF

ChinaAMC CSI Food & Beverage Sub-Industry ETF

TIANRUN DAIRY

Tian Tu Capital Shareholders Approve Sale of Younuo Dairy

China Mengniu Dairy (OTCMKTS:CIADY) experienced a 40.1% increase in short interest in January, totaling 25,692 shares as of January 15th, up from 18,337 shares at the end of December. The short-interest ratio is currently 0.9 days, with 0.0% of shares short sold. Analysts have upgraded the stock from a "strong sell" to a "hold" rating. The stock opened at $20.90, with a 12-month range of $17.81 to $26.54.

Market Beat

China Mengniu Dairy (OTCMKTS:CIADY) Short Interest Up 40.1% in January

JP Morgan expects MENGNIU DAIRY's sales and adjusted earnings to grow by 2% and 17% respectively this year. Despite facing moderate demand and competition from other beverages, the company continues to optimize its product mix and expand new channels. JP Morgan maintains an "overweight" rating on MENGNIU DAIRY, lowering the target price from 22 yuan to 20 yuan, and expects Lunar New Year sales to be a short-term catalyst

Morgan Stanley expects MENGNIU DAIRY to turn around its sales and profits this year, lowering the target price to 20 yuan and continuing to recommend "overweight."

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36Kr learned that data shows that Yiyang Cattle's revenue in 2025 has exceeded 7 billion yuan, maintaining a steady growth trend compared to over 5 billion in 2024. It is understood that the company has 10 dairy farms and 4 beef cattle farms nationwide, with a dairy cattle inventory of over 100,000 heads and a beef cattle inventory of over 30,000 heads, and the self-sufficiency rate of milk sources remains stable at over 95%. As of now, the brand has served over 60 million purchasing users and 38 million members

36Kr

Guotai CSI Animal Husbandry ETF

China Merchants CSI Animal Husbandry ETF

Invesco Food & Beverage ETF

VanEck Agribusiness ETF

YST DAIRY

Tianhong CSI Food and Beverage ETF

First Trust NASDAQ Food & Beverage

Penghua CSI Animal Husbandry ETF

Ping An CSI Animal Husbandry ETF

Fullgoal CSI Agriculture Theme ETF

E Fund CSI Modern Agriculture Theme ETF

Hwabao WP CSI All Share Agriculture, Animal Husbandry and Fishery Products ETF

SINO-AGRI UNION

Raising a Cow: Revenue has exceeded 7 billion yuan in 2025

Chinese dairy company Junlebao has submitted a listing application to the Hong Kong Stock Exchange, becoming China's third-largest comprehensive dairy product company with a market share of 4.3%. Junlebao's operating revenue is RMB 15.134 billion, with a net profit of RMB 837 million. Mengniu was once its major shareholder but later transferred its equity. Junlebao plans to go public in Hong Kong to attract foreign investment, and the funds will be used for expanding production facilities, brand building, and product innovation

"New Stocks" Mainland dairy company Junlebao submits listing application, Mengniu was once a major shareholder

Mengniu Dairy (2319.HK) continued to hover near its phase high during intraday trading last Friday. Boosted by expectations of consumption during the Spring Festival, the overall sentiment in the food and beverage sector has warmed, leading to increased short-term capital attention on the dairy product leader. Recently, several brokerages have raised their expectations for industry economic growth, further propelling the sector's performance. Mengniu Dairy has shown a continuous upward trend recently, attracting a large amount of follow-up capital into the market. However, as the stock price approaches its high, significant divergence has emerged in the region. There have been multiple rounds of tug-of-war between capital inflows and selling pressure during intraday trading, indicating that the mainstream capital perspective in the market has yet to unify, leading to discrepancies. From a capital perspective, Mengniu Dairy is still in a bullish pattern. The short-term relative strength index is nearing a high, with the key technical support level primarily at the 10-day moving average. If the stock price fails to break through and trading volume contracts, the capital game may shift dramatically. Once market sentiment weakens marginally or trading volume cannot be maintained at a high level, the pressure for short-term capital exit will significantly increase, and stock price volatility may intensify at any time. At this stage, high-level divergences are becoming increasingly apparent, with mainstream attention still focused on intraday price and volume trends and changes in support levels. Investors should closely monitor the intensity of capital inflows and the dynamic changes in market sentiment, flexibly adjust their operational strategies in conjunction with trading volume and technical levels, and timely implement risk control while paying attention to the situation after any pullbacks

Technical Forecast

Morning Trend | Mengniu Dairy Approaches High Resistance, Capital Sentiment Game Intensifies

UBS has slightly lowered the target price for Mengniu Dairy to RMB 20.5, maintaining a "Buy" rating. The report pointed out that Mengniu faced performance downward pressure last year, with an expected full-year revenue decline in the mid to high single digits, mainly due to weak demand for liquid milk, oversupply of raw milk, and fragmented channels. Looking ahead to 2026, management will rely on product innovation and the expansion of new retail channels to support sales growth, while shareholder returns remain a priority, including stable dividends and potential share buybacks

UBS slightly lowers Mengniu Dairy's target price to 20.5 yuan, maintains "Buy" rating

As of the close on January 6, Mengniu Dairy (2319.HK) saw its stock price stabilize throughout the day, with major funds gradually increasing their positions, while the trading sentiment in the consumer sector remained steady. Currently, it is the traditional off-season for the industry, and the company has recently disclosed channel adjustments and new product strategies, which are interpreted by the industry as a "de-inventory + innovation" combination that helps counter performance fluctuations. The sentiment in the dairy products sector has recently improved, with increased buying power from institutions, driving the stock price to rebound from its lows. Intraday trading shows that funds prefer medium-term layouts, with limited volatility and reduced downward pressure. From a technical perspective, the 20-day and 60-day moving averages provide dual support, but the rebound strength is constrained by a lack of trading volume, and the atmosphere of major players remains cautious. Currently, the KDJ indicator shows a high-level divergence, with signs of loosening high-level positions emerging in the short term. Investors should mainly focus on industry policy dynamics going forward, as overall volatility remains closely related to market fund sentiment, and risk exposure needs to be assessed cautiously. It is worth noting that as consumer recovery gradually materializes, Mengniu Dairy is expected to continue benefiting, but at this stage, there is a significant amount of capital waiting on the sidelines, leading to a lack of breakthrough momentum in the market. If there is effective volume increase in the future, it may bring about a new round of market trends; however, if there are no new catalysts in the fundamentals, the possibility of continued oscillation and consolidation cannot be ruled out. It is recommended to pay attention to marginal changes in industry data and consumer policies, rationally control positions, and cautiously increase holdings

Morning Trend | Mengniu Dairy experiences fluctuations and consolidation, with increasing cautious sentiment among major players

On January 5th, Mengniu Dairy (2319.HK) continued to heat up in the market, becoming the focus of attention in the consumer blue-chip sector. Data related to consumption recovery has been frequently released, showing a moderate increase in overall sales in the dairy industry, with major funds continuously increasing their positions in quality leading companies. During the same period, there have been multiple reports of innovative products in the industry, driving Mengniu's stock price to operate in a strong zone throughout the day, significantly increasing market attention. From the perspective of the industrial chain, the consumer market is gradually stabilizing in 2024, coupled with the penetration of consumption upgrade concepts, the demand in the dairy industry is showing a steady rebound trend. As an industry leader, Mengniu Dairy is further increasing its market share through continuous product innovation and optimized channel layout. Recent fund flow tracking shows that institutions are continuously net buying, indicating a combination of performance growth expectations and defensive attributes. 

From a technical perspective, the stock price has maintained major support for two consecutive days, with technical indicators such as MACD and moving average systems showing a bullish arrangement, suggesting a continuation of strong performance in the short term. However, caution is needed regarding the volatility brought by internal rotation of consumer hotspots. If short-term favorable factors gradually materialize, the market may experience differentiation, and changes in trading volume and emotional fluctuations should be closely monitored. 

In the future, attention should be paid to the macro consumption environment, new policy trends, and the continuity of the company's fundamentals. In terms of operations, it is recommended to rely on major moving averages, combining a strategy of gradual low buying and timely high selling, exercising caution in chasing highs, and focusing on position management to cope with potential rapid pullback risks

Morning Trend | Mengniu Dairy sees active capital, is the consumption rebound window opening?

Mengniu Dairy (2319.HK) saw active capital after hours on November 28, with a significant increase in trading volume during the session. News of the continuous advancement of high-end product lines and performance meeting expectations in the first three quarters directly boosted market sentiment. The overall trend of high-endization in the sector is generally viewed positively by the market, and the willingness of main funds to test and increase positions is evident. The stock price has tested the area above the 20-day moving average multiple times in the short term, with significant fluctuations in intraday trading, intensifying the competition between main funds and retail investors. 

From a technical perspective, the MACD signal for Mengniu Dairy at the daily level continues to warm up, with the 5-day and 10-day moving averages turning upward, indicating a dominant bullish atmosphere. In the short term, if the volume continues to increase, the stock price is expected to challenge higher resistance levels. However, it is important to note that after a rise to high levels, market divergence has begun to widen, with some short-term funds taking profits in batches, leading to a significant increase in market volatility. 

From an industry perspective, the current policy environment is overall stable, and the logic of high-endization and brand concentration in the dairy industry remains valid. In the short term, it is crucial to closely monitor intraday trading volume performance; maintaining increased trading volume will help further establish short-term upward momentum. Once the volume weakens, the risk of a sharp short-term pullback will dramatically increase. In the face of expanding bullish and bearish divergences within the sector, it is recommended that investors primarily adopt a strategy of buying on dips while guarding against the risk of pullbacks after chasing high prices. 

Overall, a preliminary bullish pattern for Mengniu Dairy has formed, but its sustainability relies on volume support and event-driven factors, increasing the difficulty of operations. Right-side traders should strengthen dynamic position adjustments to control risks

Morning Trend | Mengniu Dairy encounters resistance after a surge, with main forces increasing positions and intraday fluctuations intensifying?

Mengniu Dairy disclosed its financial report, stating that on November 28, it repurchased 200,000 shares on the Stock Exchange at a price ranging from HKD 15.02 to 15.03 per share, involving approximately HKD 3.01 million. Since the ordinary resolution passed (June 12, 2025), the company has repurchased a total of 27.616 million shares, accounting for 0.706% of the share capital

Mengniu Dairy repurchased 200,000 shares, involving an amount of 3.01 million yuan

Today’s Key News Recap

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These consumer sector stocks are really laid back: Nongfu Spring, Mengniu, and Anta are as stable as a rock, with gains relying solely on a snail's pace, and occasional news stimulation barely makes a ripple.I thought Weilong might bring something new to the table, but it still couldn't escape the fate of following the market's flat trend.Honestly, the atmosphere in Hong Kong stocks is quite discouraging, but I'm used to it. No matter how much the food and beverage sector fluctuates, it won't fall too far.

WL DELICIOUS

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HU-MNIU@EC2612A(25931.HK)

HK Budget Ups I&T; META, AMD Seal 100bn-Class Compute Deal | Daily News Recap ---

In the "Quarterly Review," the Hang Seng China Enterprises Index includes BEKE-W and HORIZONROBOT-W while excluding CHINA RES BEER and Mengniu Dairy

JP Morgan lists recommended Chinese consumer concept stocks for the Lunar New Year (Table)

Tian Tu Capital Shareholders Approve Sale of Younuo Dairy

China Mengniu Dairy (OTCMKTS:CIADY) Short Interest Up 40.1% in January