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MarketScreener Homepage  >  Equities  >  Shanghai Stock Exchange  >  Bright Dairy & Food Co.,Ltd    600597   CNE000001C99

BRIGHT DAIRY & FOOD CO.,LTD

(600597)
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Chinese Food-And-Beverage Stocks Decline, Easing From Recent Gains

10/29/2020 | 10:37pm EST

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 1.43% 15.56 End-of-day quote.22.62%
INNER MONGOLIA YILI INDUSTRIAL GROUP CO., LTD. 2.18% 39.79 End-of-day quote.28.60%
LUZHOU LAOJIAO CO.,LTD. 2.37% 190.8 End-of-day quote.120.12%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.00% 6.5155 Delayed Quote.-6.12%
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More news
Financials
Sales 2020 24 696 M 3 782 M 3 782 M
Net income 2020 526 M 80,6 M 80,6 M
Net Debt 2020 1 090 M 167 M 167 M
P/E ratio 2020 35,7x
Yield 2020 0,92%
Capitalization 19 053 M 2 918 M 2 918 M
EV / Sales 2020 0,82x
EV / Sales 2021 0,75x
Nbr of Employees 12 125
Free-Float 45,0%
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Technical analysis trends BRIGHT DAIRY & FOOD CO.,LTD
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 11
Average target price 18,76 CNY
Last Close Price 15,56 CNY
Spread / Highest target 70,3%
Spread / Average Target 20,6%
Spread / Lowest Target -7,46%
EPS Revisions
Managers
NameTitle
Hai Luo General Manager
Jian Dong Xie Chairman-Supervisory Board
Shao Hua Pu Chairman
Rui Bing Liu Chief Financial Officer
Xiang Dong Liu Independent Director
Sector and Competitors