Bank of America Securities: Inner Mongolia Yili Industrial Group (02319.HK) faces unjustified selling, creating an attractive buying opportunity. Reiterates "buy" rating.

According to the app of Sina Finance, Bank of America Securities has released a research report stating that the recent sell-off of China Mengniu Dairy Company Limited (02319.HK) was unjustified and driven primarily by misinformation and misunderstanding, creating a particularly attractive buying opportunity. The bank's channel research shows that Mengniu recorded positive sales growth in May, despite rumors of potential declines in the market. Additionally, April and May are off-season months, with market focus on channel inventory, making it difficult to predict potential trends. Bank of America Securities expects Mengniu's dividend yield to reach 4.5% by 2026. The bank reaffirms its "buy" rating on Mengniu, with a target price of 21 Hong Kong dollars.