First Shanghai Mengniu maintain a target price of HK $17.5 purchase-hypersnap-dx

The first Shanghai Mengniu: maintain buy rating target price of HK $17.5 of capital flows thousands of thousands of hot columns on stock diagnosis the latest rating simulated trading client sina finance App: Live on-line blogger to tutor Sina Hong Kong APP: real time market exclusive reference stocks also worth the investment? What’s the problem? Where is the future of the way out? Sina launched the "Hong Kong Hong Kong stocks as well as unattractive" discussion, with a rational and constructive attitude, welcome attention to Hong Kong stocks, concern of the capital market, Hong Kong stocks together for suggestions, seek the Hong Kong stock market tomorrow. Please to hkstock_biz@sina. 16 years H1 company’s total revenue grew by 6.6%, while net profit fell by 19.5% year on year H1 total revenue grew by 6.6% to $27 billion 260 million to $16. The optimization benefit from the decline in raw milk prices and product structure, the company’s overall gross margin rose 1.8 percentage points to 33.7%, but due to the active channel promotion and market investment strategy period, the first half of 16 year operating expenses rate also rose by 1.8 percentage points to 28.6%. In view of the sharp decline in net profit of Ashley and associates of modern animal husbandry in the first half loss, and ultimately the company 16 years H1 profit attributable to shareholders fell 19.5% to 1 billion 77 million yuan, excluding effects of associates, positive growth in net profit of the company’s core business remains 3%. Deepening the channel reform strategy to bear fruit, yogurt is expected to continue to boost the company’s future growth while adding more participants because of the liquid milk market is very competitive, but the total revenue of the company reached 87.2% with liquid milk revenue grew 8.5%, the growth of 7.5% UHT milk, yogurt and ice cream business growth of 31.6%, also fell year-on-year is reversed, growth of 3.6%, are better than the industry performance, which shows that the company more than two years experience of channel reform strategy has achieved initial success. With the sinking of County township market based white milk to maintain its market position in the fierce competition, the further implementation of first-tier cities transformation direct sales model in order to strengthen the control of the terminal outlets and other reform measures, supplemented by the star of a single product "pure Zhen yogurt is expected to promote the rapid growth, the company’s future performance is expected to continue to improve milk prices are still low, milk business is recovering due to raw milk supply is relatively abundant, and dairy feed prices continued downward on raw milk price support is insufficient, is expected in the second half of the domestic raw milk prices are still low, we expect that this short term continued good in the company’s gross margin. During the period, the background to the inventory in the milk market competition and industry, Ashley channels reform progress is slower than expected, while New Zealand plant capacity also allows the company to delay in the release of administrative expenses increased sharply, led to a sharp decline in net profit for the period of ashley. The full year, we expect the Ashley operating profit turnaround is still greater pressure, but can be expected in the second half profit decline narrowed appear. Adjustment theory相关的主题文章: