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Soochow Securities: The food and beverage sector is in a stage of low-to-medium-speed transformation, and the rebound of the sector is waiting for the clearance of the business performance risk of listed companies or the reversal of demand expectations.
The current valuation of the food and beverage sector is relatively low, primarily due to concerns about future cash flow and profit downgrades. Short-term market pessimism has had an impact on the sector, and the sector's rebound is awaiting clarification of listed company performance risks, or a reversal of demand expectations, the latter depending on proactive fiscal and monetary policies at the macro level or verification of seasonal sales at the middle level.
Zhongtai Securities: Pre-cooked food may become the sub-sector with the greatest growth space in the food industry.
Zhongtai Securities released a research report stating that pre-cooked food has the potential to go through the cycle, comparable to Japan. Looking forward 20-30 years, pre-cooked food may become the largest sub-sector of food growth space.
Hong Kong stock market concept tracking | Pig cycle continues to recover, many pig enterprises significantly increase profits in the second quarter (including concept stocks).
With the recovery of the pig cycle in the first half of this year, pig prices have also started to rise and surpassed the highest level of the past three years in June.
China Galaxy Securities: Pig prices resumed upward trend this week. Subsequent profit elasticity may exceed expectations.
Currently, hog prices have entered an upward trend, while cost centers have shifted downward. The elasticity of hog farming profits is expected to exceed expectations. It is recommended to actively invest in the hog farming sector during short-term declines, taking into account the continuous cost reduction of excellent hog enterprises. This round of hog farming profits is expected to exceed market expectations.
Hong Kong stock concept tracking | Rising pork prices help boost performance and hog farming has reached the bottom end of the cycle (including concept stocks).
Institutions have pointed out that the hog farming cycle is already at the bottom end of the cycle, before dawn, and there is currently a bullish investment opportunity in hog farming stocks.
HTSC's mid-term strategy for the food and beverage industry: bullish on the long-term potential of consumer demand for food and drink, with sector differentiation under the trend of "price-value ratio".
HTSC's research report predicts that the overall demand for the sector will steadily recover in 2024. Bullish on the long-term potential of consumer demand in the food and beverage sector, considering the valuation level, the sector has high allocation value.
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