[New post] DBS: China Modern Dairy – BUY TP HK$1.60

alanyeo posted: " Firm expansion in herd size CMD net earnings rose 32% y-o-y, below expectations, but in line with our estimatesHerd size expanded by 43% to 354,000 heads in FY21, with commitment to deliver a 2021-25E CAGR of 9%, to over 500k headsMaintain BUY, TP unc" New post on Alpha Edge Investing DBS: China Modern Dairy – BUY TP HK$1.60 by alanyeo Firm expansion in herd size CMD net earnings rose 32% y-o-y, below expectations, but in line with our estimates Herd size expanded by 43% to 354,000 heads in FY21, with commitment to deliver a 2021-25E CAGR of 9%, to over 500k heads Maintain BUY, TP unchanged at HK$1.60 Read more of this post alanyeo | March 31, 2022 at 4:33 pm | Tags: China Modern Dairy Holdings Ltd | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-92v Comment    See all comments Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2022/03/31/dbs-china-modern-dairy-buy-tp-hk1-60/