日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

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: 青青草成人在线 | 97在线观看免费 | 在线中文字日产幕 | 最新国产中文字幕 | 夜夜操夜夜爽 | 欧美一级淫片免费视频魅影视频 | 欧美一区二区三区不卡 | 好吊妞这里只有精品 | 在线成人影视 | 91狠狠操 | 久久高清免费视频 | 精品国产乱码一区二区三 | 日日燥夜夜燥 | 日韩一区二区三区在线视频 | 成人黄色在线看 | 国产一二三在线观看 | 日韩一二三区视频 | 亚洲精品大片 | 日韩一区二区精品视频 | 福利视频一区二区三区 | 91久久精品视频 | 国产精品久久久久久无人区 | 久久不卡影院 | 欧洲精品一区二区 | 成人免费精品 | 亚洲图片在线 | 国产精品日韩欧美大师 | 亚洲欧美激情精品一区二区 | 特级大胆西西4444人体 | 二区三区四区视频 | 精品一区二区三区免费 | 亚洲欧美自拍一区 | 97久久国产| 欧美激情中文字幕 | 啪啪自拍视频 | 91尤物国产福利在线观看 | 在线成人免费 | 精品国产第一页 | 亚洲精品一区二区三区在线观看 | 欧美日韩午夜 | 色悠悠久久综合 |