China Mengniu Dairy Company Limited Price & Performance (CIADY)

China Mengniu Dairy repurchased 150,000 shares on May 16 for HKD2.76 million, bringing its total buybacks to over 22.65 million shares since the latest approval. The move comes as the company's share price remains stable but trails both the Hong Kong food sector and broader market over the past year.12

Mengniu Dairy’s collaboration with New Zealand’s Maui Milk is set to boost sheep milk exports and strengthen its international supply chain. The alliance gives Maui access to new markets and supports Mengniu’s strategy to meet rising demand for nutritious dairy options, particularly in China and Asia.34

Despite reporting weaker statutory profits last year, Mengniu Dairy’s results were impacted by one-off items. Analysts suggest that the company’s real earnings power remains solid, and future performance could improve as these unusual expenses are not expected to recur.56