DBS: China Mengniu – BUY TP HK$53.50 Posted on January 24, 2022 By alanyeo No Comments on DBS: China Mengniu – BUY TP HK$53.50 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:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window) Research - Equities Tags:China Mengniu