[ET Net News Agency, 3 September 2025] BOCI lowered the target price for Mengniu Dairy
(02319) to HKD16.8 from HKD23.3 and downgraded the rating to "hold" from "buy".
The research house said it is worthwhile to wait for a turning point in the industry
cycle, which may be the premise of potential re-rating of dairy giants in China like
Mengniu. (rc)