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COFCO Joycome Reports Progressive August Figures
Cofco Joycome (01610.HK) had a pig production of 0.279 million heads in August.
On September 9, COFCO Joycome (01610.HK) released the August 2024 operation report, with 0.279 million pigs slaughtered in that month, the average selling price of large pigs at 20.27 RMB per kilogram, and the sales volume of fresh pork at 0.0213 million tons.
Express News | COFCO Joycome Foods - August Hog Production Volume 279,000 Heads
Cofco Joycome (01610) fell by 31.40%, now trading at 1.400 yuan, hitting a 52-week low.
As of 11:48, Cofco Joycome (01610) dropped 31.40% compared to the previous closing price, now trading at HKD 1.400, hitting a 52-week low; the volume was 11.23 million shares, with a turnover of HKD 15.8232 million.
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.
Buy Rating Affirmed for COFCO Joycome Amidst Margin Recovery and Expansion Progress
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