China Mengniu rises most in near 5 months on seeing margin improvement

China Mengniu Dairy

19/02/2025 07:03

** China Mengniu Dairy  2319.HK  jumps 11.8% to HK$17.48;
set for best day since September 27
    ** Stock is top pct gainer on Hang Seng  .HSI  and Hang Seng
China Enterprises  .HSCE  indexes, which are down 0.6%
    ** Co expects 2024 net profit to fall due to impairment
provisions and share of loss from its associate
    ** But says net profit is stable excluding the impairments,
with a "substantial" jump in gross profit margin, operating
profit margin as raw milk prices decline
    ** Goldman Sachs keeps "buy" rating noting the
above-expectation strong core margin improvement and solid cash
flow

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))