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WellTrainedMonkey

Mengniu: Top of the range, priced for perfection

CHINA MENGNIU DAIRY CO (HKEX:2319)  
WellTrainedMonkey  
HKEX:2319   CHINA MENGNIU DAIRY CO
Trend Analysis Technical Indicators Fundamental Analysis mengniu 2319
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trendanalysis indicator fundamental mengniu 2319
2319 has been a good performer (+c.56% since trough in Mar'20) but the stock is trading at the top of a channel established since Dec'17 with P/B trading at +1.5x standard deviation and EV/EBITDA at +1x standard deviation. Operating margins of c.6% is the best in last 10 years...got to wonder if the stock is priced for perfection and ripe for some mean reversion.
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