久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

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: 国产精品亚洲精品 | 黄色综合网 | 黄色毛片免费看 | 亚洲一级毛片在线播放 | 国产亚洲精品久久 | 免费一级视频在线播放 | 欧美成人免费大片888 | 日韩成人在线观看视频 | 亚洲国产欧美在线不卡中文 | 欧美一区综合 | 日韩欧美一区二区三区免费观看 | 久久无码av三级 | 中文字幕乱码中文乱码51精品 | 日本一级在线播放线观看免 | 久久一级黄色片 | 亚洲欧美在线观看播放 | 免费高清在线爱做视频 | 午夜毛片网站 | 美女毛片免费 | 在线a亚洲视频播放在线观看 | 一级做人爱a视频正版免费 一级做性色a爱片久久片 | 国产成人精品曰本亚洲 | 久久人视频 | 情侣自拍啪啪 | 亚洲 自拍 欧美 综合 | 成年人网站免费观看 | 一级毛片视频免费观看 | 亚洲日韩精品欧美一区二区一 | 欧美久草 | 欧美在线视频精品 | 亚洲精品人成网在线播放影院 | 日本午夜人成免费视频 | 久久视频免费观看 | 欧美一级淫片a免费播放口aaa | 欧美一级免费观看 | 欧美综合自拍亚洲综合百度 | 国产成人精品综合久久久 | 免费一区二区三区视频狠狠 | 欧美精品首页 | 国产精品麻豆一区二区三区v视界 | 久久久久久综合一区中文字幕 |