Daiwa: It is expected that in the next 15 days, the stock price of Mengniu Dairy (02319.HK) will increase in absolute value with a target price of HK$20.

Zhitong Finance APP learned that Morgan Stanley released a research report stating that it is expected that the stock price of China Mengniu Dairy (02319.HK) will increase in absolute value in the next 15 days, with an estimated probability of about 70% to 80% (or "highly likely"). The bank maintains the view that liquid milk will resume growth in 2026, with overall sales expected to increase by 5.5%. At present, China Mengniu's corresponding price-to-earnings ratio for the bank's 2026 forecast is about 11.2 times, which is attractive. The rating is "hold" with a target price of 20 Hong Kong dollars.