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    600597   CNE000001C99

BRIGHT DAIRY & FOOD CO.,LTD

(600597)
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Chinese Food-And-Beverage Stocks Decline, Easing From Recent Gains

10/29/2020 | 10:37pm EDT

By Yifan Wang

Chinese food-and-beverage stocks are sharply lower in morning trade, as the sector pulls back from recent gains that were spurred by hopes for the continued recovery of consumer demand and appetite for defensive investments.

Inner Mongolia Yili Industrial Group Co., one of the country's top dairy products groups, was leading the morning downturn on Friday. Shares slumped 10% to 39.73 yuan (US$5.92) after the company's third-quarter earnings missed market expectations due to tepid demand for room-temperature products.

The decline comes after the stock's broad upturn this month. Shares hit a record closing high Thursday amid optimism that domestic spending will rebound further and increasing consumer demand for nutrition products in the wake of the pandemic.

Peers Bright Dairy & Food Co. and Panda Dairy Corp. were down 8.4% and 5.3%, respectively.

The liquor industry also weakened from its strong performance on Thursday. Leading Chinese-liquor company Luzhou Lao Jiao Co. fell 3.4% to CNY172.82 after jumping 10% during the last session after third-quarter net profit growth substantially exceeded investor expectations.

Write to Yifan Wang at yifan.wang@wsj.com

(END) Dow Jones Newswires

10-29-20 2336ET

Stocks mentioned in the article
ChangeLast1st jan.
BRIGHT DAIRY & FOOD CO.,LTD 0.33% 15.2 End-of-day quote.-6.52%
INNER MONGOLIA YILI INDUSTRIAL GROUP CO., LTD. 0.49% 37.2 End-of-day quote.-16.16%
LUZHOU LAOJIAO CO.,LTD. -2.60% 225.98 End-of-day quote.-0.08%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.10% 6.46912 Delayed Quote.-0.30%
All news about BRIGHT DAIRY & FOOD CO.,LTD
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2018China to prosecute former Bright Food chairman for graft
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2018China probes former Bright Food chairman for suspected graft
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2013China's Bright Food in talks to buy Israeli food group Tnuva
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More news
Financials
Sales 2021 27 431 M 4 245 M 4 245 M
Net income 2021 677 M 105 M 105 M
Net cash 2021 375 M 58,1 M 58,1 M
P/E ratio 2021 27,5x
Yield 2021 1,03%
Capitalization 18 612 M 2 875 M 2 880 M
EV / Sales 2021 0,66x
EV / Sales 2022 0,60x
Nbr of Employees 11 856
Free-Float 44,1%
Chart BRIGHT DAIRY & FOOD CO.,LTD
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Bright Dairy & Food Co.,Ltd Technical Analysis Chart | MarketScreener
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Technical analysis trends BRIGHT DAIRY & FOOD CO.,LTD
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 15,20 CNY
Average target price 19,49 CNY
Spread / Average Target 28,2%
EPS Revisions
Managers and Directors
NameTitle
Hai Luo General Manager
Rui Bing Liu Chief Financial Officer
Jian Dong Xie Chairman-Supervisory Board
Shao Hua Pu Chairman
Xiang Dong Liu Independent Director