30 June 2026 | 9:52PM HKT Equity Research Mengniu Dairy: APAC Consumer & Leisure Corporate Day 2026 Takeaways - healthy recovery in liquid milk with growth acceleration Bottom line: We hosted Mengniu IR team in our event on June 30. Mgmt expressed growing confidence in a broad-based recovery in 2026 with liquid milk maintaining healthy growth YTD (up c.HSD% in Jan-May) and other categories accelerating vs. last year (fresh milk/milk powder/cheese/ice cream growing at 30%+/c.30%/20%+/~HSD% yoy YTD vs. c.10%+ ...