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Guangdong Haid Group Co., Limited's (SZSE:002311) Earnings Are Not Doing Enough For Some Investors
Research reports: Guosen Securities maintains its "outperform" rating for Guangdong Haid Group and is expected to continue to benefit from the high prosperity of the downstream breeding market.
According to the research report of Guosen Securities, Guangdong Haid Group (002311.SZ) is expected to see a year-on-year growth of 86.33%-100.06% in net profit attributable to shareholders in H1 2024, and is expected to continue to benefit from the upturn in the breeding cycle. The bank believes that the capacity reduction in the hog farming industry is sufficient, and is bullish on the price upturn of hogs in 2024-2025. In addition, the aquaculture market is also expected to see a rebound this year. As a leading company in the agricultural industry chain, Haid's business covers the entire industry chain of farming, and the company's performance is expected to continue to benefit from the high prosperity of downstream breeding markets. In the short term, the company has ample room for improvement in market share of fodder, and its self-built hog farming projects are expected to perform well in the cycle.
Guangdong Haid Group: Announcement of expected increase in performance for the first half of 2024.
Express News | Guangdong Haid Group Says It Sees H1 Net Profit up 86.3-100.1% Y/Y
Should You Buy Guangdong Haid Group Co., Limited (SZSE:002311) For Its Upcoming Dividend?
Huaxi Securities: Unexpected Rise in Pork Prices Boosts Livestock Industry Chain
According to the research report released by huaxi, as of June 25th, 2024, the pig prices for Q1/Q2 2024 were 14.44/16.20 yuan/kg respectively, with a year-on-year change of -3.86%/+13.02%. The Q2 pig price rose unexpectedly. With the rise of pig prices and the improvement of fundamentals, both self-breeding and purchased piglet breeding have achieved profits. With further cost optimization and pig price rise, the per capita profit is expected to gradually increase, and the valuation level is currently at a relatively low position. The certainty of the cyclical reversal has increased, and it is recommended to continue to pay attention to the good financial condition.
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