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Hong Kong Stock Market News: Cofco Joycome (01610) rose more than 3%. The price of pigs in many domestic provinces has exceeded 20 yuan, and institutions believe that the supply and demand situation is expected to improve month by month.
Cofco Joycome (01610) rose over 3%, as of press time, rose 3.23% to HKD 1.60, with a turnover of 13.6383 million Hong Kong dollars.
Cofco Joycome (01610.HK) received a shareholding of 1.889 million shares from Ningquan Assets.
According to the latest equity disclosure materials from the Hong Kong Stock Exchange, on July 25, 2024, Cofco Joycome (01610.HK) was increased by 1.889 million shares at an average price of HK $1.54 per share by Shanghai Ningquan Asset Management Co., Ltd., with a total amount of about HK $2.909 million. After the increase, Shanghai Ningquan Asset Management Co., Ltd. holds a new total of 275,705,000 shares, and the holding ratio has increased from 5.98% to 6.02%.
Hong Kong stock concept tracking | Institutions are bullish on the continued high pig prices and the sustained industry prosperity (including concept stocks).
The corresponding output of current production capacity for fattening pigs in 2025 will still be relatively low, and bullish on the continuity of pig price prosperity in 2024-2025.
gtja Securities: strong reality, weak expectations, misalignment of pig cycle position and valuation level.
Under weak expectations but strong reality, the current spot price has already led the rise and exceeded expectations. Even if following the spot price, related companies still have room for valuation repair.
China Merchants Securities: How is the excess profit of the pig industry formed?
The profitability of the future pig industry will be lower than each cycle before 2018, roughly ranging from 100 to 150 yuan, but higher than the irrational cycle in 2022.
Hong Kong stock market concept tracking | Guangdong market pig high stock price has exceeded 21 yuan/kg, pig breeding sector has room for valuation repair (with concept stocks)
In July, the price of live pigs in Guangdong returned to the high stock price zone in the country. There may still be room for further increase in August.
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