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Qinqin Foods (01583.HK) plans to hold a board of directors meeting on August 16th to approve the mid-term performance.
Qinqin Foods (01583.HK) announced that the board of directors will hold a meeting on Friday, August 16, 2024 to approve the interim performance of the company and its subsidiaries for the six months ending June 30, 2024, including consideration of the payment of interim dividends (if any).
QINQIN FOODS: DATE OF BOARD MEETING
Soochow Securities: CSI SW food & beverage index significantly reduced its position, with valuation falling into high dividend camp.
Hold positions for csi sws food & beverage index actively managed equity funds in Q2 24 have dropped to a new low since 2018.
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.
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.
Chinqin Foods (01583.HK): Tan Wenjie was appointed as an independent non-executive director
On May 16, Ge Longhui Food (01583.HK) announced that Wu Sichuan, Cai Meng and Ng Swee Leng will retire and have decided not to seek re-election at the company's annual shareholders' meeting. Tan Wenjie has been appointed by the board of directors as an independent non-executive director and a member of the Audit Committee, Nomination Committee and Remuneration Committee. The appointments will take effect immediately after the Annual General Meeting of Shareholders ends on May 17, 2024.
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