Techking Agriculture and Animal Husbandry Co., Ltd. (02419.HK) plans to hold a board of directors meeting on August 23 to review its mid-year performance.
Dehong Agriculture (02419.HK) announced that the board of directors meeting will be held on August 23, 2024 (Friday) to consider and approve the mid-term performance of the company and its subsidiaries as of June 30, 2024 (including) and its publication, and to consider recommending the distribution of interim dividends (if any).
DEKON AGR: DATE OF BOARD MEETING
Dekon Food and Agriculture Group Expects to Swing to Profit in H1
HK concept tracking | Pig prices continue to rise, breeding companies announce half-year turnaround (see concept stocks)
In the second week of August, the average price of live pigs in China's agriculture and rural department was 20.21 yuan/kg, an increase of 4.0% from the previous week.
Dekang Agriculture and Animal Husbandry (02419) announces its profit and expects a net income of approximately 1.713 billion yuan to 1.813 billion yuan in the first half of the year, turning losses into profits year-on-year.
Dekang Agriculture and Animal Husbandry (02419) announced that the group is expected to obtain the fair value adjustment of biological assets before the first half of 2024...
Express News | DEKON Food and Agriculture - Expected Result on Increase in Sales Price of Market Hogs and Yellow-Feathered Broilers, Among Others
Express News | DEKON Food and Agriculture Group Sees Net Profit of RMB1,713 Mln to RMB1,813 Mln for Six Months
DEKON AGR: INSIDE INFORMATION - POSITIVE PROFIT ALERT
Guotou Securities: Pig prices will fluctuate at high levels in the short term, attention needs to be paid to the rhythm of breeding and slaughter.
This week, the price of live pigs has risen. Although the supply in August has increased from the previous month, it is still relatively low. Coupled with the relatively scarce fat pigs and the significant price difference, the market is experiencing a high level of reluctance to sell, which has driven the weekly price to break through 20 yuan/kg.
Dekang Agriculture and Animal Husbandry (02419) rose 2.39% against the market, tianfeng securities said that there is significant room for pig price increase this year.
Jingu Finance | Dekang Agriculture and Animal Husbandry (02419) performed strongly against the market. As of press time, it rose by 2.39% to HKD 47.1. GF Securities believes that the current hog farming industry has returned to a good level of profitability. With the continuous improvement of supply and demand in the third quarter and the decrease in breeding costs, the industry is expected to benefit from the expanding gap between rising hog prices and falling costs, and the profit level of breeding enterprises is expected to exceed expectations. A recent special research report released by Tianfeng Securities pointed out that this year's reversal in hog prices is clear and with the continuous expansion of the supply and demand gap, the space for hog price increases is considerable. In addition, the industry is cautious about supplementary breeding, which may help to extend the current hog cycle prosperity.
Hong Kong stock concept tracking | Muyuan Foods (002714.SZ) reversed losses in the first half of the year, and the rebound in pork prices promoted the recovery of the performance of the pig industry (with concept stocks)
On the evening of August 2nd, hog farming leading enterprise Muyuan Foods (002714.SZ) released its 2024 interim report.
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.
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.
Due to the bird flu outbreak, Brazil, the world's largest exporter of chicken, has temporarily suspended exports to China and the European Union.
This news also caused a stir in the domestic market. Today, A-share pork and chicken stocks showed unusual activity in the afternoon. Xiaoming Stock surged more than 10%, followed by Huaying Agricultural Development, Hunan Xiang Jia Husbandry, Hunan Zhenghong Science and Technology Development, Shandong Yisheng Livestock & Poultry Breeding, and Shandong Minhe Animal Husbandry.
HK stocks fluctuate| Dekang agriculture and animal husbandry (02419) rose more than 4%, multiple pig enterprises turned losses in the first half of the year, and the industry's profit elasticity is expected to be further released.
Dekang Agriculture and Animal Husbandry (02419) rose more than 4%, as of press time, increased by 4.49%, reported HKD 52.4, with a turnover of HKD 2.3631 million.
Dekang Agriculture and Animal Husbandry (02419) rose more than 2% against the trend, with institutions pointing to the increasing 'scissors gap' between rising pork prices and decreasing costs benefiting the industry.
Jinwu Financial News | Dekang Agriculture and Animal Husbandry (02419) reversed the market and rose 2.09% to HK$51.2, with a turnover of HK$0.9874 million. CITIC Securities said that the Hang Seng Composite Index will welcome the results of a new round of review on August 16. The adjustments will officially take effect on September 9, and Hong Kong Stock Connect will also adjust accordingly. The bank expects the company to enter Hong Kong Stock Connect. Guangfa Securities believes that at present, pig farming has returned to a good profit level. As supply and demand continue to improve in the 3rd quarter and breeding costs decline, the industry is expected to benefit from the widening “scissor gap” between rising pig prices and falling costs, and the profit level of breeding enterprises is expected to exceed
Hong Kong Stock Concept Tracking | Pig prices rise and costs decrease, the "scissors difference" expands, and many pig companies' profitability recovers. Is the turning point of the cycle here? (Attached Concept Stocks)
According to the sales report released by the pig industry, the recovery of pork prices has brought sustained repair of corporate profitability.
[Brokerage Focus] Citic Securities: HSCEI welcomes the results of the new round of quarterly reviews on August 16, and it is expected that 19 symbols will enter the Hong Kong Stock Connect.
Jingu Financial News | Citic Securities stated that the Hang Seng Index will undergo a new review on August 16th, and the adjustment will officially take effect on September 9th. The Hong Kong stock connect will also correspondingly adjust. The bank expects to have 19 symbols to be included in the Hong Kong stock connect, of which the technology, optional consumer, and energy sectors have higher market capitalization weight. Broken down by industry, including 5 technology companies: Maipu Times (02556), Quchizhu Group (00917), Zhixing Automotive Technology (01274), Shengneng Group (02459), and Yisou Technology (02550); 3 optional consumer enterprises: Auto Street (02443), ...
CITIC Securities: Hang Seng Index will welcome a new round of review results, and Alibaba-SW is expected to be included in the Hong Kong Stock Connect.
CITIC Securities released a research report stating that the Hang Seng Index will undergo a new round of review results on August 16, and the adjustment will take effect on September 9. Hong Kong Stock Connect will also be adjusted accordingly. The bank predicts that there will be 20 symbols included in the Hong Kong Stock Connect, among which the information technology, optional consumer, and energy sectors have higher market value weights. If Alibaba-SW (09988) successfully converts to a dual primary listing by the end of August, it may be included in Hong Kong Stock Connect in this review. The bank also recommends investors to pay attention to timing opportunities between the announcement date of the Hang Seng Index and the effective date of the Hong Kong Stock Connect. In addition, due to some arbitrage funds or before the effective date of the Hong Kong Stock Connect
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.
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