2319.HK - China Mengniu Dairy Company Limited

HKSE - HKSE Delayed Price. Currency in HKD
31.350
+0.500 (+1.62%)
At close: 4:08PM HKT
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Previous Close30.600
Open31.250
Bid31.300 x 0
Ask31.350 x 0
Day's Range31.000 - 31.350
52 Week Range22.600 - 34.600
Volume9349163
Avg. Volume9,185,905
Market Cap123B
Beta (5Y Monthly)0.69
PE Ratio (TTM)35.35
EPS (TTM)0.887
Earnings DateAug 28, 2019
Forward Dividend & Yield0.21 (0.67%)
Ex-Dividend Date2019-06-11
1y Target Est28.62
  • Did China Mengniu Dairy Company Limited's (HKG:2319) Recent Earnings Growth Beat The Trend?
    Simply Wall St.

    Did China Mengniu Dairy Company Limited's (HKG:2319) Recent Earnings Growth Beat The Trend?

    Examining how China Mengniu Dairy Company Limited (SEHK:2319) is performing as a company requires looking at more than...

  • Reuters

    China Mengniu Dairy to buy a second Australian dairy firm for $407 million from Kirin

    China Mengniu Dairy Co Ltd plans to buy the owner of some of Australia's best known milk brands from Japan's Kirin Holdings Co Ltd for A$600 million ($407 million), its second Down Under dairy buyout in two months. The sale of Lion Dairy & Drinks Pty Ltd would advance Kirin's strategy of offloading underperforming assets outside Japan while giving the Chinese government part-owned company control of Australian household brands like Pura, Dairy Farmers and Moove flavoured milk. China Mengniu received Australian government approval to buy infant formula maker Bellamy's Ltd for A$1.43 billion just 10 days earlier.

  • China Dairy Giant Buying Kirin Assets for $419 Million
    Bloomberg

    China Dairy Giant Buying Kirin Assets for $419 Million

    (Bloomberg) -- China Mengniu Dairy Co. agreed to buy Kirin Holdings Co.’s Australian beverage unit Lion Dairy & Drinks for about 45.6 billion yen ($419 million), the Chinese dairy giant’s latest foray into the continent.Mengniu will pick up Lion’s milk, yogurt and juice products, while Kirin will keep Lion’s beer, wine and spirits business, the companies said in a statement Monday. The deal is expected to close in the first half of 2020, they said.Mengniu has been eyeing overseas acquisitions as China’s appetite for milk grows with its middle class. Mengniu’s deal follows an agreement in September to buy organic infant formula maker Bellamy’s Australia Ltd. for A$1.5 billion ($1 billion), securing a premium brand in one of the fastest-growing segments of the dairy market.China has been seeking to boost the industry and restore confidence after a milk scandal in 2008 killed six children and poisoned 300,000 others. It said earlier this year it will support domestic dairy producers in acquiring or setting up overseas bases and encourage foreign dairy firms to invest in China, while tightening regulations on milk-powder imports and online sales platforms.Kirin started the sale process for its Lion Dairy & Drinks business last year. It agreed to sell its Australian cheese business to Canada’s Saputo Inc. earlier this year for 20 billion yen.Japan’s second-largest brewer has been narrowing its business scope to improve profitability amid a slump in beer consumption in its home market. Kirin said Monday it would seek growth in Australia and New Zealand through high-margin alcoholic beverages and premium non-alcoholic drinks. Globally, it is pushing into craft beer and personal well-being products from preservative-free skincare to healthy drinks.Last week, the Japanese brewer agreed to buy New Belgium Brewing, one of the world’s largest independent breweries and maker of Fat Tire Ale, for an undisclosed amount. Kirin Chief Executive Officer Yoshinori Isozaki said in February that the company has a 300 billion yen budget for acquisitions over the next three years.Kirin shares climbed as much as 0.6% in early trading in Tokyo on Monday. China Mengniu added as much as 0.5% in Hong Kong.(Adds stock moves in last paragraph)To contact the reporter on this story: Jeff Sutherland in Tokyo at jsutherlan13@bloomberg.netTo contact the editors responsible for this story: Rachel Chang at wchang98@bloomberg.net, Reed Stevenson, Jeff SutherlandFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Investing.com

    China Mengniu Dairy to Purchase Kirin’s Beverage Unit for $419M

    Investing.com - Hong Kong-listed China Mengniu Dairy Co (HK:2319) is set to purchase Kirin Holdings Co., Ltd. (T:2503)’s Australian beverage unit Lion Dairy & Drinks for about 45.6 billion yen ($419 million), according to a company statement on Monday.

  • How Many China Mengniu Dairy Company Limited (HKG:2319) Shares Do Institutions Own?
    Simply Wall St.

    How Many China Mengniu Dairy Company Limited (HKG:2319) Shares Do Institutions Own?

    Every investor in China Mengniu Dairy Company Limited (HKG:2319) should be aware of the most powerful shareholder...

  • Australia approves China-government backed buyout of dairy firm Bellamy's
    Reuters

    Australia approves China-government backed buyout of dairy firm Bellamy's

    The government said on Friday the Foreign Investment Review Board (FIRB) had unanimously decided that the sale of Bellamy's to Hong Kong-listed China Mengniu Dairy Co was not against Australia's interests. Mengniu is 24% owned by Chinese government entity COFCO Dairy Investments.

  • If You Had Bought China Mengniu Dairy (HKG:2319) Shares Three Years Ago You'd Have Made 109%
    Simply Wall St.

    If You Had Bought China Mengniu Dairy (HKG:2319) Shares Three Years Ago You'd Have Made 109%

    The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But in contrast you can...

  • Moody's

    China Mengniu Dairy Company Limited -- Moody's announces completion of a periodic review of ratings of China Mengniu Dairy Company Limited

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of China Mengniu Dairy Company Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • China Mengniu Dairy (HKG:2319) Has A Rock Solid Balance Sheet
    Simply Wall St.

    China Mengniu Dairy (HKG:2319) Has A Rock Solid Balance Sheet

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • TheStreet.com

    Australia's Foreign Investment Tolerance Tested Again by Chinese Influence

    With Aussie assets up for grabs in touchy industries such as oil and civil engineering, and an agricultural deal in the works, the Australian government faces tough decisions over whether to approval sales to state-owned Chinese buyers.

  • Estimating The Fair Value Of China Mengniu Dairy Company Limited (HKG:2319)
    Simply Wall St.

    Estimating The Fair Value Of China Mengniu Dairy Company Limited (HKG:2319)

    Does the September share price for China Mengniu Dairy Company Limited (HKG:2319) reflect what it's really worth...

  • China Mengniu plans to buy infant formula maker Bellamy's for $983 million
    Reuters

    China Mengniu plans to buy infant formula maker Bellamy's for $983 million

    The deal offers Bellamy's investors a way to cash out of a prospect that has spent years awaiting approval to sell product in its target market, China, while giving Mengniu a prized consumer brand. Foreign formula remains sought after in China following a contamination scandal a decade ago.

  • Thomson Reuters StreetEvents

    Edited Transcript of 2319.HK earnings conference call or presentation 29-Aug-19 1:30am GMT

    Half Year 2019 China Mengniu Dairy Co Ltd and Yashili International Holdings Ltd Earnings Presentation (Chinese, English)

  • Moody's

    China Mengniu Dairy Company Limited -- Moody's: Mengniu's 1H 2019 results support its Baa1 ratings

    Moody's Investors Service says that China Mengniu Dairy Company Limited's 1H 2019 results were in line with expectations, and support its Baa1 issuer and senior unsecured bond ratings. "Mengniu's revenue growth, profitability and cash flow remained stable, enabling the company to maintain a financial profile appropriate for its Baa1 ratings," says Ying Wang, a Moody's Vice President and Senior Analyst.

  • Is China Mengniu Dairy Company Limited's (HKG:2319) CEO Salary Justified?
    Simply Wall St.

    Is China Mengniu Dairy Company Limited's (HKG:2319) CEO Salary Justified?

    In 2016 Jeffrey Lu was appointed CEO of China Mengniu Dairy Company Limited (HKG:2319). This analysis aims first to...

  • Why We’re Not Keen On China Mengniu Dairy Company Limited’s (HKG:2319) 8.0% Return On Capital
    Simply Wall St.

    Why We’re Not Keen On China Mengniu Dairy Company Limited’s (HKG:2319) 8.0% Return On Capital

    Today we are going to look at China Mengniu Dairy Company Limited (HKG:2319) to see whether it might be an attractive...

  • With A Return On Equity Of 11%, Has China Mengniu Dairy Company Limited's (HKG:2319) Management Done Well?
    Simply Wall St.

    With A Return On Equity Of 11%, Has China Mengniu Dairy Company Limited's (HKG:2319) Management Done Well?

    Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...

  • What Should You Know About China Mengniu Dairy Company Limited's (HKG:2319) Growth?
    Simply Wall St.

    What Should You Know About China Mengniu Dairy Company Limited's (HKG:2319) Growth?

    The latest earnings update China Mengniu Dairy Company Limited (HKG:2319) released in April 2019 revealed that the...

  • Moody's

    Want Want China Holdings Limited -- Moody's: Raw milk prices will continue to rise in China; rated companies that rely on raw milk have mitigants

    Moody's Investors Service says in a new report that the price of raw milk in China (A1 stable) will continue to increase over the next 12 months, but that the two rated Chinese companies that use raw milk as an input -- China Mengniu Dairy Company Limited (Baa1 stable) and Want Want China Holdings Limited (A3 stable) -- have mitigants in place that will help them maintain stable credit metrics. Raw milk prices in China have been rising gradually since the fourth quarter of 2018, a reversal from price declines driven by oversupply over the past 1-2 years.