www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Mengniu shares plunge on milk scare

Updated: 2011-12-29 07:55

(China Daily)

  Comments() Print Mail Large Medium  Small 分享按鈕 0

Mengniu shares plunge on milk scare

Mengniu said that it had destroyed products that were found to contain aflatoxin, a substance that can cause severe liver damage, including liver cancer. [Photo / Bloomberg]

HONG KONG - China Mengniu Dairy Co Ltd lost almost one-fourth of its value on Wednesday after its shares plunged 26 percent to their lowest level in more than two years. The retreat came after the nation's biggest dairy company was hit by a tainted milk scare over the Christmas holiday.

In a statement on its website over the weekend, Mengniu said that it had destroyed products at a plant in Sichuan province that were found by the government quality watchdog to contain aflatoxin, a substance that can cause severe liver damage, including liver cancer.

The discovery of the toxins is the latest of several safety scares to hit China's dairy industry in recent years.

"Panic selling has dragged the stock down as the scandal hit in a quiet and nervous market," said Alfred Chan, chief dealer at Cheer Pearl Investment Ltd. "But the impact is expected to be temporary."

China Mengniu said none of the tainted milk had entered the market and it would work harder to meet all national and corporate quality standards in the future.

"At present, all products available in the market within and outside China, including Hong Kong, have passed relevant standards," Mengniu said in a separate statement on Wednesday.

Shares of Mengniu fell as much as 26 percent in early trading to HK$19.46 ($2.50), the lowest since September 2009. It closed at HK$19.96, down 24.1 percent.

"We believe this may be a short-term problem for Mengniu, given the weak market sentiment and negative media reports," said Royal Bank of Scotland PLC in a research note.

"Consumers may have doubts about Mengniu's product quality and may avoid purchasing its products in the short term. However, we do not think the impact will be as serious as the melamine scandal, since there have not been any reports of directly related health cases."

In 2008, at least six children died and nearly 300,000 became ill from powdered milk laced with melamine, an industrial chemical added to low-quality or diluted milk to give misleadingly high readings of protein levels.

"We believe this incident is not as serious as the melamine crisis in 2008," Deutsche Bank AG said in a research note. "However, dwindling consumer confidence in Mengniu's products is likely to have an impact on near-term sales."

Bank of America Merrill Lynch also said Mengniu's near-term re-rating potential is capped by the incident and the bank cut its earnings estimates by 3 percent for 2012 to 2013 to factor in expenses related to upstream investments.

"Given no consumers would be affected and it is only one out of 25 sample batches that was detected with issues, we do not expect any meaningful impact on sales, as was the case with the past three incidents since 2009, and so maintain our revenue forecasts," said Bank of America Merrill Lynch in a note.

Reuters

主站蜘蛛池模板: 日韩精品一区二区三区四区 | 国产三级小视频在线观看 | 日韩欧美一区二区三区免费看 | 一级色黄 | 久久狠狠 | 国产精品黄在线观看免费软件 | 91欧美精品综合在线观看 | 日韩加勒比 | 久草视频首页 | 九九免费精品视频 | 精品亚洲福利一区二区 | 亚洲色色色图 | 特黄特黄aaaa级毛片免费看 | 一本久| 欧美亚洲一区二区三区 | av人摸人人人澡人人超碰 | 在线精品视频播放 | 91日本在线观看亚洲精品 | 欧美日本韩国一区 | www.亚洲成人.com | 久久九九视频 | aaaa毛片| 免费看一级做a爰片久久 | 欧美一级片 在线播放 | 欧美日韩视频一区二区在线观看 | 精品久久精品久久 | 日韩美一区二区三区 | 欧美激情毛片裸推荐 | 免费播放美女一级毛片 | 免费人成在线观看视频不卡 | 亚洲三级在线 | caoporen个人免费公开视频 | 王朝影院一区二区三区入口 | 色青青草原桃花久久综合 | 国产久草在线 | 收集最新中文国产中文字幕 | 毛片直接看 | 国产精品99久久免费观看 | 99精品一区二区免费视频 | 亚洲天堂男人的天堂 | 免费视频成人 |