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Mengniu（2319.HK）Challenging growth outlook
CCB·2024-08-13 15:34

Consumer Staples | 12 August 2024 Anita Chu (852) 3911 8252 anitachu@ccbintl.com Anita Du (852) 3911 8013 anitadu@ccbintl.com downgrade from Outperform) Trading data 52-week rangeHK12.56−27.75Marketcapital(H−share,m)53.599Sharesoutstanding(m)3.935Freefloat(12.56-27.75 Market capital (H-share, m)53.599 Shares outstanding (m)3.935 Free float (%)75 273M average daily T/O (m share) 3M average daily T/O (US m)50 0Expected 12-month return (%) Source: Bloomberg, CCBIS estimates Share price vs HSCEI HKS 35 30 25 20 15 Source: Bloomberg Expect a weak 1H24F ▶ OPM expansion target is hardly ...