China Mengniu Dairy Co Ltd (2319)

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China Mengniu Dairy Co Ltd Profile

China Mengniu Dairy Co Ltd (2319.xhkg) is a Chinese manufacturing and distribution company of dairy products headquartered in Hong Kong, the People’s Republic of China. China Mengniu Dairy focuses on producing UHT milk, yogurt and milk beverages, ice cream, and other dairy products, such as powdered milk and milk tablets. As of 31 December 2020, China Mengniu Dairy Co Ltd had 41 production bases in China with a 30,000 workforce and one production base in Australia, New Zealand, and Indonesia. It had a total annual production capacity of 9.9 million tons. China Mengniu Dairy Co Ltd (2319.xhkg) is traded on the Hong Kong Stock Exchange (SEHK), and its current market cap is $172.15B (USD). In March 2021, China Mengniu Dairy was in talks with the French dairy company Danone to acquire 9.8% of Danone’s stake worth $2.1B (USD). China Mengniu Dairy Co Ltd is now visioning a healthier world, and its mission will be to produce more nutritious products.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in HK Time
Fri
09:00-16:00
Mon
09:00-16:00
Tue
09:00-16:00
Wed
09:00-16:00
Thu
09:00-16:00
Sun
Closed
Sat
Closed

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While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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