DBS: China Mengniu – BUY TP HK$53.50 alanyeo 2 years ago Leading processor Forecast double-digit sales growth driven by liquid milk, cheese, and butter sales in FY22FExpect gross profit margin to stabilise through product mix enhancement and easing raw milk price pressure Reiterate BUY, TP unchanged China-Mengniu_21-Jan-2022_HK_CU-UploadDownload Full Report Share this: