Mengniu stock: Huatai keeps Buy rating and HKD 25.30 target for Mengniu stock

Published on 10/24/2026 at 00:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Huatai kept its Buy rating and HKD 25.30 target on October 15, 2026. Mengniu stock reported CNY 44.79 billion revenue in the first half of 2026.

Interim figures and analyst view

Huatai Securities maintained a Buy rating and HKD 25.30 target on October 15, 2026.
Mengniu generated CNY 44.79 billion in revenue in the first half of 2026, up 7.80 percent.
Profit attributable to shareholders reached CNY 2.37 billion in the first half of 2026, up 15.90 percent.

Mengniu, KYG210961051, Illustration mit AI erstellt.

Mengniu (ISIN KYG210961051) generated CNY 44.79 billion in revenue in the first half of 2026, up 7.80 percent year over year, according to Futubull. The latest analyst signal came on October 15, 2026, when Huatai Securities maintained a Buy rating and a HKD 25.30 price target, as reported by Markets Insider.

Interim profit outpaces sales

The first-half results show a stronger earnings conversion than the top line. Profit attributable to shareholders rose 15.90 percent to CNY 2.37 billion, while operating profit increased 3.90 percent to CNY 3.68 billion, according to Futubull. Basic earnings per share reached CNY 0.61, an increase of 17.00 percent from the comparable period.

The mix also points to a recovery in selected categories. Fresh milk, cheese and milk powder each grew more than 30.00 percent year over year on a comparable basis in the first half of 2026. That growth was partly offset by a gross margin of 40.80 percent, down 0.90 percentage points, as product price adjustments and higher packaging and coconut oil costs weighed on profitability.

Three dated company developments

On August 26, 2026, Mengniu reported first-half revenue of CNY 44.79 billion and operating profit of CNY 3.68 billion, according to Futubull. On September 24, 2026, the company had repurchased 4.77 million shares for HKD 79.74 million under its buyback plan, according to MarketScreener. On October 15, 2026, Huatai Securities maintained its Buy rating and HKD 25.30 target, according to Markets Insider.

What matters for margins?

For investors, the central trade-off is clear in the first-half figures: revenue rose 7.80 percent, but gross margin fell 0.90 percentage points to 40.80 percent. Operating profit still climbed 3.90 percent because selling and distribution expenses declined to 27.60 percent of revenue. The reported results also identified market competition, raw-material costs and income-tax adjustments as risks.

Hong Kong price and valuation

The last available Hong Kong quotation was HKD 18.63 on October 23, 2026 at 4:08 p.m. HKT on the Hong Kong Exchange. The same market snapshot put the 52-week range at HKD 13.88 to HKD 19.67 and market capitalization at HKD 71.9 billion.

The further course of trading is shown by the continuously updated real-time quote of Mengniu stock.