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[Brokerage Focus] China Merchants Securities initiates a "shareholding" rating for Dekang Agriculture and Animal Husbandry (02419), pointing out that the poultry farming business is steadily developing and is bullish on the medium and long-term developmen
Jingu Finance News | China Merchants Securities stated that Dekang Farming and Animal Husbandry (02419) has been deeply involved in the hog and yellow-feathered chicken farming industry for a long time. The breeding advantages accumulated over the years have made its livestock and poultry costs leading in the same industry. In the future, the company will focus on driving the expansion of hog farming scale with the No. 2 family farm model, and steadily develop the poultry farming business through the family farm model, bullish on its long-term development prospects. The firm pointed out, 1) the current hog farming industry is gradually entering a era of thin profits, and enterprises with cost advantages are still expected to obtain excess profits; the yellow-feathered broiler industry has gone through nearly three years of cyclical lows, with significant effects in the industry's capacity reduction, providing a basis for the upward trend in chicken prices. 2)
HK stocks are active. Dehong Agriculture and Animal Husbandry (02419) rose more than 6% as livestock and poultry prices rebounded and farming costs declined. The company's net loss in the first half of the year improved significantly.
Dekang Nongmu (02419) rose more than 6%, as of press time, up 6.61%, at HKD 47.55, with a turnover of HKD 3.5154 million.
Hong Kong stock concept tracking | Hog prices at high levels, hog farming profits significantly improved. Valuation of leading hog farming enterprises at low levels (with concept stocks).
From the current valuation perspective, the sector has gone through adjustments and is at a low valuation level.
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Dekon Food and Agriculture Group's (HKG:2419) P/S Is On The Mark
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