China Mengniu Dairy Company Limited (HKG:2319) Annual Results: Here's What Analysts Are Forecasting For This Year
Mar 29
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Hong Kong (HSI) Food Industry Analysis
UpdatedMar 30, 2026
DataAggregated Company Financials
Companies53
- 7D0.3%
- 3M2.3%
- 1Y3.3%
- YTD3.0%
The Food is pretty flat in the last 7 days, but WH Group has stood out, gaining 12%. The past year has been better, since the industry has gained 3.3% in that time. Earnings are forecast to grow by 16% annually.
Industry Valuation and Performance
Has the Hong Kong Food Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 30 Mar 2026 | HK$600.8b | HK$780.4b | HK$38.1b | 14x | 15.8x | 0.8x |
| Wed, 25 Feb 2026 | HK$632.6b | HK$780.1b | HK$38.7b | 12.6x | 16.4x | 0.8x |
| Fri, 23 Jan 2026 | HK$601.1b | HK$771.4b | HK$38.3b | 13.1x | 15.7x | 0.8x |
| Sun, 21 Dec 2025 | HK$592.8b | HK$765.7b | HK$38.0b | 12.7x | 15.6x | 0.8x |
| Tue, 18 Nov 2025 | HK$603.2b | HK$760.3b | HK$38.0b | 13.4x | 15.9x | 0.8x |
| Thu, 16 Oct 2025 | HK$575.2b | HK$756.2b | HK$37.6b | 13.6x | 15.3x | 0.8x |
| Sat, 13 Sep 2025 | HK$625.7b | HK$757.5b | HK$37.6b | 15.2x | 16.6x | 0.8x |
| Mon, 11 Aug 2025 | HK$629.1b | HK$750.5b | HK$38.7b | 15.9x | 16.2x | 0.8x |
| Wed, 09 Jul 2025 | HK$600.4b | HK$755.2b | HK$38.8b | 15.2x | 15.5x | 0.8x |
| Fri, 06 Jun 2025 | HK$617.4b | HK$753.0b | HK$38.5b | 13.8x | 16x | 0.8x |
| Sun, 04 May 2025 | HK$607.3b | HK$737.4b | HK$37.8b | 13.7x | 16.1x | 0.8x |
| Tue, 01 Apr 2025 | HK$584.4b | HK$740.3b | HK$38.1b | 12.7x | 15.3x | 0.8x |
| Thu, 27 Feb 2025 | HK$534.1b | HK$725.4b | HK$35.1b | 15.4x | 15.2x | 0.7x |
| Sat, 25 Jan 2025 | HK$501.4b | HK$726.9b | HK$35.2b | 14.7x | 14.3x | 0.7x |
| Mon, 23 Dec 2024 | HK$505.5b | HK$723.3b | HK$35.0b | 14.7x | 14.4x | 0.7x |
| Wed, 20 Nov 2024 | HK$516.3b | HK$728.4b | HK$35.1b | 14.1x | 14.7x | 0.7x |
| Fri, 18 Oct 2024 | HK$507.2b | HK$734.3b | HK$35.5b | 13.4x | 14.3x | 0.7x |
| Sun, 15 Sep 2024 | HK$464.0b | HK$738.5b | HK$35.7b | 12.1x | 13x | 0.6x |
| Tue, 13 Aug 2024 | HK$461.0b | HK$746.6b | HK$28.1b | 13.2x | 16.4x | 0.6x |
| Thu, 11 Jul 2024 | HK$461.4b | HK$736.1b | HK$27.6b | 13x | 16.7x | 0.6x |
| Sat, 08 Jun 2024 | HK$489.5b | HK$739.8b | HK$27.3b | 15x | 17.9x | 0.7x |
| Mon, 06 May 2024 | HK$498.0b | HK$740.5b | HK$27.3b | 14.6x | 18.3x | 0.7x |
| Wed, 03 Apr 2024 | HK$484.5b | HK$742.1b | HK$27.3b | 14.4x | 17.7x | 0.7x |
| Fri, 01 Mar 2024 | HK$445.7b | HK$753.3b | HK$35.5b | 13.4x | 12.5x | 0.6x |
| Sun, 28 Jan 2024 | HK$486.7b | HK$789.7b | HK$37.0b | 13.5x | 13.1x | 0.6x |
| Tue, 26 Dec 2023 | HK$529.5b | HK$790.1b | HK$37.1b | 15.4x | 14.3x | 0.7x |
| Thu, 23 Nov 2023 | HK$545.9b | HK$770.3b | HK$35.5b | 15.2x | 15.4x | 0.7x |
| Sat, 21 Oct 2023 | HK$530.3b | HK$763.8b | HK$35.1b | 15.8x | 15.1x | 0.7x |
| Mon, 18 Sep 2023 | HK$546.7b | HK$766.0b | HK$35.1b | 15.9x | 15.6x | 0.7x |
| Wed, 16 Aug 2023 | HK$551.6b | HK$754.6b | HK$39.4b | 17.3x | 14x | 0.7x |
| Fri, 14 Jul 2023 | HK$569.6b | HK$760.7b | HK$39.8b | 17.2x | 14.3x | 0.7x |
| Sun, 11 Jun 2023 | HK$565.4b | HK$765.4b | HK$40.5b | 14.7x | 14x | 0.7x |
| Tue, 09 May 2023 | HK$621.1b | HK$778.8b | HK$41.3b | 13.5x | 15x | 0.8x |
| Thu, 06 Apr 2023 | HK$634.6b | HK$781.2b | HK$41.7b | 13.9x | 15.2x | 0.8x |
Price to Earnings Ratio
15.2x
Current Industry PE
- Investors are relatively neutral on the Hong Kong Food industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 15.3x.
- The industry is trading close to its 3-year average PS ratio of 0.73x.
Past Earnings Growth
- The earnings for companies in the Food industry have declined 2.9% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Hong Kong Consumer Staples industry?
| HK Market | -1.33% | |
| Consumer Staples | 0.53% | |
| Food | 0.27% | |
| Packaged Foods and Meats | 0.79% | |
| Agricultural Products | -7.75% | |
Industry PE
- Investors are most optimistic about the Packaged Foods and Meats industry, which is trading close to its 3-year average PE ratio of 14.3x.
- Analysts expect its future annual earnings growth (12.5%) to be largely in line with prior year's earnings growth.
Forecasted Growth
- Analysts are most optimistic on the Agricultural Products industry, expecting annual earnings growth of 76% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Packaged Foods and Meats industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 288 WH Group | HK$10.20 | 11.6% +HK$13.6b | 42.9% | PE10.7x | |
| 2319 China Mengniu Dairy | HK$17.34 | 11.8% +HK$7.1b | -9.7% | PE38.4x | |
| 322 Tingyi (Cayman Islands) Holding | HK$12.76 | 6.2% +HK$4.2b | -2.3% | PE14.1x | |
| 1579 Yihai International Holding | HK$16.40 | 15.2% +HK$2.1b | 21.3% | PE16.4x | |
| 220 Uni-President China Holdings | HK$7.88 | 4.5% +HK$1.5b | -12.0% | PE14.6x |
