花旗：料蒙牛乳业(02319)今年经营利润率重新扩张 目标价升至21.1港元

Group 1 - The core viewpoint of the article is that Citigroup expects a more significant cyclical profit recovery for Mengniu Dairy (02319) compared to its peers in the Chinese consumer staples sector this year [1] - Citigroup forecasts that the group's sales will recover to high single-digit growth from January to February this year, with an overall expected growth of 5% for the year [1] - The company's operating profit margin is anticipated to expand again this year due to the cyclical stabilization of raw milk prices, positive operating leverage, and a relatively low comparison base [1] Group 2 - The target price for Mengniu Dairy has been raised from HKD 18.8 to HKD 21.1, while maintaining a "Buy" rating [1]