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Hong Kong stock change | Dairy stocks generally rose, YST DAIRY (01431) increased by over 16%, Institutions say the dairy supply and demand pattern is expected to improve.
Dairy stocks generally rose, as of the time of reporting, YST DAIRY (01431) increased by 16.28%, priced at 0.25 HKD; Youran Dairy (09858) rose by 7.69%, priced at 2.52 HKD; CH MODERN D (01117) increased by 6.6%, priced at 1.13 HKD.
Hong Kong stocks move | Agriculture Sector rises broadly in early trading. The central government's No. 1 document first mentions new quality productivity in agriculture. Institutions say that the policy is expected to drive a rebound in the over-sold Sec
Agriculture stocks rose broadly in the morning session. As of the time of writing, SHIYUE DAOTIAN (09676) increased by 17.28%, reaching 6.65 HKD; CH MODERN D (01117) rose by 7.62%, reaching 1.13 HKD; DEKON AGR (02419) increased by 6.19%, reaching 30.9 HKD; COFCO JOYCOME (01610) rose by 6.57%, reaching 1.46 HKD.
CITIC SEC: CH MODERN D (01117) profit rebound is expected, maintaining a "Buy" rating.
CITIC SEC today released a research report, maintaining a "Buy" rating for CH MODERN D (01117).
China Modern Dairy 2023 Net Was CNY185.0M >1117.HK
China Modern Dairy: Decrease in Prices of Raw Milk, Fair Value Loss Weighed on Results >1117.HK
CH MODERN D (01117.HK) profit warning: Expect a net loss of 1.35 billion yuan to 1.55 billion yuan in 2024.
On February 18, Gelonghui reported that CH MODERN D (01117.HK) anticipates a net loss of between 1.35 billion yuan and 1.55 billion yuan for the year ending December 31, 2024, compared to a net income of 0.185 billion yuan for the year ending December 31, 2023. This year, the group expects to record Cash / Money Market EBITDA of between 2.9 billion yuan and 3.1 billion yuan, an increase of 0.4 billion yuan to 0.6 billion yuan from the same period in 2023, representing a growth of 16% to 24%, highlighting the group’s strong developmental resilience.