Transfer from: Financial Sector

This article comes from: Financial world

April 28, 2024wwwslotng, Miaolanduo received a buy rating from Huaxin Securities. In the past month, Miaolanduo received the attention of one research report.

The research report predicts that the company, as a leading cheese company, will explore the room temperature cheese bar series products to tap into new market volumes. As the production capacity increases/cost control effects are released, the company's profitability is expected to further improve. The research report believes that the promotion of cheese products will help stabilize the main business. In 2024Q1, the company's cheese/trade/liquid milk revenue will be 7.7% respectively.wwwslotng.85/0.82/0.81 billion yuan, with a decrease of 3%/36%/0.4% respectively. The decline in the cheese business will narrow compared with 2023. It is expected that the company will increase its volume of room-temperature cheese bars in the snack sales channel. Subsequently, the company will continue to expand the cheese category and develop room-temperature cheese snacks. The volume of new products is expected to drive the cheese business to stabilize and recover.

Risk warnings: Macroeconomic downside risks, promotion of room temperature cheese bars fell short of expectations, cheese sector growth fell short of expectations, intensified market competition, etc.