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Peak season's lackluster performance leads to another drop in raw milk prices. Is overseas bulk powdered milk still cost-effective? | Industry News
Since November, the price of raw milk has reached a new low in this cycle, and the import volume of bulk powder has been declining for eight consecutive months compared to the previous year; currently, domestic bulk powder has started to be exported at low stock prices to some major producing countries; experts believe that this trend of declining import of dairy products will continue.
Alpha Pro Holdings [00948] is now reporting at 0.237 Hong Kong dollars, with a decrease of 12.22%.
As of 15:44, Alpha Pro Holdings [00948] reported HK$0.237, down HK$0.033 or 12.22% from the previous closing price of HK$0.27, with a turnover of HK$0.1001 million. Today's highest price was HK$0.27, and the lowest price was HK$0.237. Based on the closing price from yesterday, the 10-day average price is HK$0.33, and the 50-day average price is HK$0.25. The current P/E ratio is -2.46 times, and the 14-day relative strength index is at 55.30.
What Alpha Professional Holdings Limited's (HKG:948) 62% Share Price Gain Is Not Telling You
The continuous inversion of raw milk prices has not resolved the "ranch crisis". Should we continue to slaughter cows?
①In the past year, the industry has been continuously 'slaughtering cows' to reduce overcapacity, but the situation of oversupply has not been reversed; ②The impact of oversupply of raw milk has fully appeared in the financial reports of large-scale farms and dairy enterprises; ③The current growth rate of raw milk production is further slowing down, and prices are expected to stabilize in the second quarter of 2025.
Express News | Alpha Professional - Gao Peng Resigns as an Executive Director
Alpha Professional Holdings Buys Shares in Australian Dairy Nutritionals; Shares Rise 5%
Some Confidence Is Lacking In Alpha Professional Holdings Limited (HKG:948) As Shares Slide 33%No Data
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