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Hong Kong Stock Concept Tracking: The pace of pig outflow in mid-to-late July may accelerate, and institutions are bullish on pig farming stocks and expect the right market trend to restart. (List of concept stocks attached)
After experiencing deep losses, high debts, and slow devaluation, the pig breeding industry has undergone an economic recovery.
Hang Seng Index Company: The Hang Seng Stock Connect State-Owned Enterprise Value Index has risen by more than 26% since the beginning of the year, significantly outperforming the market.
Heng Seng Index Company stated that state-owned enterprises have significantly outperformed in the Hong Kong stock market in recent years.
Zhongtai Securities: Pre-cooked food may become the sub-sector with the greatest growth space in the food industry.
Zhongtai Securities released a research report stating that pre-cooked food has the potential to go through the cycle, comparable to Japan. Looking forward 20-30 years, pre-cooked food may become the largest sub-sector of food growth space.
Hong Kong stock market concept tracking | Pig cycle continues to recover, many pig enterprises significantly increase profits in the second quarter (including concept stocks).
With the recovery of the pig cycle in the first half of this year, pig prices have also started to rise and surpassed the highest level of the past three years in June.
COFCO Joycome Reports Growth in Pork Business
Cofco Joycome (01610.HK) had 0.263 million live pigs slaughtered in June.
Cofco Joycome (01610.HK) released the June 2024 Operation Bulletin, with a total of 0.263 million live pigs sold that month, and the average sales price of commodity big pigs was 18.51 RMB/kg, with 0.0208 million tons of fresh pork sold.
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