No Data
Central China Securities: Focus on the improvement of the fundamentals of meat products brought about by the rebound in pork prices.
Central China Securities released research reports stating that in 2024, based on the market innovation vitality of emerging categories, Central China Securities recommends focusing on sectors: health products, soft drinks, baking, snacks, and other alcoholic beverages.
Hong Kong stock concept tracking| Several aquaculture companies have achieved growth in performance in the third quarter, industry profits have materialized significantly
Pork prices rise while costs decrease, leading to growth in the third-quarter performance of many breeding companies.
Donghai Securities: It is expected that hog prices will remain prosperous in the fourth quarter, and the performance of hog enterprises will improve quarter by quarter. The industry is entering a phase of profit realization.
Sow inventory began to decline from January 2023, leading to a gradual reduction in current supply pressure. With limited short-term supply increase and seasonal improvement in consumer demand, it is expected that pork prices will remain prosperous in the fourth quarter, with pig performance improving seasonally, and the industry entering a phase of profit realization.
CICC: Maintains cofco joycome (01610) 'outperform industry' rating with a target price of 1.8 Hong Kong dollars.
On October 21, cofco joycome announced the acquisition of 100% equity of Cofco Jiahua in cash.
Hong Kong stock concept tracking | Pork prices have been continuously falling for two months! It is expected to rebound in the peak season at the end of the year. The high performance elasticity and long-term profitability prospects of the breeding stocks
After entering the traditional peak season of consumer demand in the fourth quarter, pork prices have been continuously falling for over two months during the traditionally strong period, with a decrease of over 20%.
In the fourth quarter, the pig prices staged a "ultimate showdown" between bulls and bears, determining whether the pork industry will be "fat or lean" next year. | Industry Observations
1. The price of pork has been continuously falling for two months during the traditional strong period, with a decline of more than 20%; 2. Behind the decline is the increase in slaughter caused by the expansion of piglets and the concentrated slaughter in the second fattening, forming a downward momentum together; 3. If the pork price in the fourth quarter is not good during the peak season, the pig cycle may either rise directly or come to an end. If the pork price realizes an upward pig cycle, pig enterprises and the breeding industry are still expected to have a prosperous year in 2025.
The Three-year Earnings Decline Is Not Helping COFCO Joycome Foods' (HKG:1610 Share Price, as Stock Falls Another 10% in Past WeekNo Data
No Data
