2319.HK - China Mengniu Dairy Company Limited

HKSE - HKSE Delayed Price. Currency in HKD
30.850
+0.200 (+0.65%)
At close: 4:09PM HKT
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Previous Close30.650
Open30.900
Bid30.800 x 0
Ask30.850 x 0
Day's Range30.400 - 30.900
52 Week Range21.500 - 34.600
Volume5,131,030
Avg. Volume8,861,350
Market Cap121.961B
Beta (3Y Monthly)0.45
PE Ratio (TTM)34.78
EPS (TTM)0.887
Earnings DateAug 28, 2019
Forward Dividend & Yield0.21 (0.67%)
Ex-Dividend Date2019-06-11
1y Target Est28.62
  • Russia Says Asia’s Food Companies Want to Rent Area the Size of Jamaica for Farming
    Bloomberg

    Russia Says Asia’s Food Companies Want to Rent Area the Size of Jamaica for Farming

    (Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Russia wants more Asian food companies to use farmland in its Far East as the country seeks to open up new export markets.The government has already helped to attract companies including Chinese conglomerate Legend Holdings Corp. and China Mengniu Dairy Co. Ltd. to invest in its Far East. Russia is now considering requests from Asian firms to farm another 1 million hectares (2.5 million acres) -- an area roughly the size of Jamaica, according to the head of a government agency.Joint investments with other nations will help Russia boost economic development in a vast and underpopulated part of the country and open up more export markets. For China, sourcing more food from Russia would aid its import needs, while providing another source of supplies in the wake of a trade war with the U.S. that has shaken up agricultural markets.“A lot of markets are closed for Russian farm products” in Asia, Leonid Petukhov, chief executive officer at Russia’s Far East Investment and Export Agency, said in an interview in Vladivostok. “One way to open them is to create incentives or attract investors from, say, China so they produce here, in partnership with Russians.”A Russian joint venture set up by China’s Legend Holdings is about to collect its first crop of soybeans, corn and rice in the Far East, and plans to eventually run as much as 50,000 hectares. South Korean food company Lotte Corp. plans to boost its land area in the region to 150,000 hectares, Petukhov said.China last year opened up its dairy market to Russia, which allowed Zhongding Dairy Farming Co. to make the first shipment of Russian liquid milk to China this month, Petukhov said. Separately, China Mengniu Dairy Co. Ltd. has agreed to set up a joint venture that may invest as much as 45 billion rubles ($690 million) to build dairy farms in Russia’s Far East.While some Chinese companies had rented Russian farmland since the Soviet Union broke up in 1991, they were mostly relatively small and sometimes neglected to maintain soil fertility and observe crop rotation practices, Petukhov said.“We are now going a different path,” he said. “We are looking for large players both on the Chinese and the Russian sides.”Compared with the Soviet era, only about half of the farmland in Russia’s Far East is currently being used for agriculture, according to Petukhov. The government is now using drones to help identify vacant plots that would be suitable for potential investment.“A collective farm fell apart, for example, and no one used the land afterwards. It became no one’s land,” Petukhov said. “We started to search for the lost hectares.”To contact the reporter on this story: Anatoly Medetsky in Moscow at amedetsky@bloomberg.netTo contact the editors responsible for this story: Lynn Thomasson at lthomasson@bloomberg.net, Nicholas Larkin, Liezel HillFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 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.

  • Simply Wall St.

    Are China Mengniu Dairy Company Limited's (HKG:2319) Interest Costs Too High?

    Investors pursuing a solid, dependable stock investment can often be led to China Mengniu Dairy Company Limited...

  • Don't Sell China Mengniu Dairy Company Limited (HKG:2319) Before You Read This
    Simply Wall St.

    Don't Sell China Mengniu Dairy Company Limited (HKG:2319) Before You Read This

    Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll apply a basic...

  • China Mengniu Dairy Company Limited (HKG:2319): Has Recent Earnings Growth Beaten Long-Term Trend?
    Simply Wall St.

    China Mengniu Dairy Company Limited (HKG:2319): Has Recent Earnings Growth Beaten Long-Term Trend?

    Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...

  • Reuters

    Nestle, rivals vie for big baby formula prize in China's smaller cities

    LONDON/BEIJING, May 7 (Reuters) - Nestle plans to launch a new line of baby formula in China this year under an existing brand, targeted at smaller cities, as the world's largest packaged food company tries to lengthen its lead in the world's biggest baby milk market. The new line, discussed exclusively with Reuters, will focus on smaller provincial cities, often in China's western provinces, where greater shipping distances and lower incomes can make some imported brand goods unaffordable, though wealth there is growing. Producers of many consumer staples such as soft drinks and soap had to seek growth in the less-profitable provincial cities years ago, as China's richer eastern markets matured.

  • Reuters

    Hong Kong stocks end higher as trade optimism boosts sentiment

    * Hang Seng index up 0.83 pct HSCE rises 0.13 pct HSI financial sub-index 1.3 pct higher; property up 0.9 pct HONG KONG, May 2 (Reuters) - Hong Kong stocks closed firmer on Thursday as investors cheered ...

  • Reuters

    Hong Kong stocks climb on optimism over Sino-U.S. trade deal

    * * Hang Seng index rises 0.63 pct * China Enterprises index HSCE edges up 0.01 percent * HSI financial sub-index climbs 1.2 pct; property up 0.7 pct HONG KONG, May 2 (Reuters) - Hong Kong stocks gained ...

  • Reuters

    BRIEF-China Mengniu Dairy Says Yu Xubo Resigned As Chairman

    April 29 (Reuters) - China Mengniu Dairy Co Ltd: * YU XUBO RESIGNED AS CHAIRMAN * CHEN LANG WAS APPOINTED AS CHAIRMAN OF BOARD Source text for Eikon: Further company coverage:

  • What Kind Of Investor Owns Most Of China Mengniu Dairy Company Limited (HKG:2319)?
    Simply Wall St.

    What Kind Of Investor Owns Most Of China Mengniu Dairy Company Limited (HKG:2319)?

    A look at the shareholders of China Mengniu Dairy Company Limited (HKG:2319) can tell us which group is most powerful. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller...

  • China Mengniu Dairy Company Limited (HKG:2319): What Are The Future Prospects?
    Simply Wall St.

    China Mengniu Dairy Company Limited (HKG:2319): What Are The Future Prospects?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! On 31 December 2018, China Mengniu Dairy Company Limited (HKG:2319) released its earnings update. Generally...

  • Thomson Reuters StreetEvents

    Edited Transcript of 2319.HK earnings conference call or presentation 28-Mar-19 1:30am GMT

    Full Year 2018 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 solid 2018 results support its Baa1 ratings

    Moody's Investors Service says that China Mengniu Dairy Company Limited's solid 2018 results support its Baa1 issuer and senior unsecured bond ratings. "Mengniu's double-digit revenue growth, stable profitability and reduced leverage continue to support its Baa1 ratings," says Ying Wang, a Moody's Vice President and Senior Analyst. The company's 2018 revenue increased 14.7% to RMB69 billion, driven by the robust sales growth in ultra-high temperature milk, yogurt and infant milk formula.

  • Reuters

    Dairy firm China Mengniu's 2018 profit jumps 49 percent on stronger sales

    China Mengniu Dairy Co Ltd's 2018 net profit jumped 49 percent, boosted by stronger sales on an improved product mix and stable raw milk prices. Net profit for January to December came in at a record 3.04 billion yuan ($452 million), up from a profit of 2.05 billion yuan in the previous year, the country's top milk products manufacturer said in a statement late on Wednesday. Gross profit margin rose 2.2 percentage points from a year ago to 37.4 percent.

  • Reuters

    Dairy firm China Mengniu's 2018 profit jumps 49 pct on stronger sales

    China Mengniu Dairy Co Ltd's 2018 net profit jumped 49 percent, boosted by stronger sales on an improved product mix and stable raw milk prices. Net profit for January to December came in at a record 3.04 billion yuan ($452 million), up from a profit of 2.05 billion yuan in the previous year, the country's top milk products manufacturer said in a statement late on Wednesday. Gross profit margin rose 2.2 percentage points from a year ago to 37.4 percent.