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August is the peak period of profitability for pig enterprises, with daily profits exceeding one billion yuan. | Industry News
①In August, the pig market continued to recover, with sales prices of major pig companies reaching a new high this year; ②The peak of profitability for pig companies still focuses on reducing costs and increasing efficiency. Muyuan Foods, Shennong Group, and Wens Foodstuff Group have all reduced their fully loaded costs to below 14 yuan/kg; ③Some industry insiders believe that breeding companies will continue to maintain a considerable profit trend this year.
HUISHENG INTL: INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2024
Minsheng Securities: Pig prices continue to fluctuate in the high prosperity range, waiting for positive transmission in the post-cycle.
The number of newborn piglets has a turning point since October 2023. Pushing back six months means that April 2024 will mark the turning point for the number of pigs slaughtered, with later pig supply pressures easing month by month.
Huachuang Securities: White chicken prices rebound in July, and industry profits may improve in the second half of the year.
From a long-term perspective, the cost-effectiveness and economic advantages of white chicken as the animal protein with the lowest feed-meat ratio will be further demonstrated, highlighting the long-term growth potential of the industry.
Huisheng Intl (01340.HK) will hold a board of directors meeting on August 30th to approve the interim performance.
Huisheng International (01340.HK) announced on August 20th that the board of directors will hold a meeting on August 30th, 2024 to consider and approve the mid-term performance of the company and its subsidiaries for the six months ending June 30th, 2024, and to consider the distribution of interim dividends (if any).
HUISHENG INTL: DATE OF BOARD MEETING
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