男女羞羞视频在线观看,国产精品黄色免费,麻豆91在线视频,美女被羞羞免费软件下载,国产的一级片,亚洲熟色妇,天天操夜夜摸,一区二区三区在线电影

Mengniu shares plunge on milk scare

Updated: 2011-12-29 07:55

(China Daily)

  Comments() Print Mail Large Medium  Small

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: 长治市| 丁青县| 赫章县| 安宁市| 盘锦市| 鄯善县| 池州市| 海淀区| 唐海县| 奇台县| 凤山县| 九龙县| 铅山县| 柘城县| 罗城| 南开区| 巢湖市| 宜都市| 明溪县| 宜良县| 玉龙| 嘉义市| 张北县| 宝鸡市| 涿州市| 深泽县| 昆山市| 特克斯县| 拉萨市| 德惠市| 江阴市| 同德县| 大同县| 兴化市| 蒙阴县| 离岛区| 木里| 青河县| 元朗区| 绿春县| 泸水县| 汉川市| 扎赉特旗| 杨浦区| 江孜县| 贵溪市| 望奎县| 剑阁县| 新绛县| 祁东县| 若羌县| 突泉县| 建湖县| 瑞金市| 兰考县| 隆昌县| 阳东县| 阳高县| 东乡族自治县| 商城县| 高淳县| 屏东市| 临桂县| 鸡泽县| 宁津县| 卫辉市| 育儿| 石楼县| 金华市| 昭觉县| 保靖县| 望奎县| 丰镇市| 清流县| 阜城县| 新营市| 静宁县| 千阳县| 木兰县| 普安县| 贺兰县| 湖口县|