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MENGNIU DAIRY: Industry Has Hit Floor and Recovered, Aiming for Steady Div. Hike Over Next 3 Yrs
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Milk prices have stabilized since the second half of last year, and terminal prices have gradually steadied too, Gao Fei, President and Executive Director of MENGNIU DAIRY (02319.HK), remarked. With policy support, he assumed that the industry has hit a floor, showing visible signs of recovery. Shen Xinwen, CFO and Executive Director, guided that the company's revenue will grow in the mid-single digits this year, and the company will also focus on improving margins. In terms of shareholder returns, Shen stated that the goal is to steadily increase dividends over the next three years and maintain the share repurchase pace of the past two years. AASTOCKS Financial News Website: www.aastocks.com |
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