Dekon Food and Agriculture Group (HKG:2419) Insiders Have Significant Skin in the Game With 53% Ownership

Key Insights Dekon Food and Agriculture Group's significant insider ownership suggests inherent interests in company's expansion The top 4 shareholders own 52% of the company Ownership research, c

Simply Wall StJun 24 23:46 ET

HK stocks' movement | Dekang Agriculture and Animal Husbandry (02419) rose nearly 8%. The company's cost improvement combined with the recent rise in pig prices is expected to lead its ROE level in the industry.

According to the Zhitong Finance App, DeKang Agriculture and Animal Husbandry (02419) rose nearly 8%, as of the time of publication, rising 7.98% to HKD 55.45, with a turnover of HKD 3.24 million. On the news front, according to the Ministry of Agriculture and Rural Affairs, the average price of piglets in May was CNY 38.70/kg, up 5.38% month-on-month and up 6.04% year-on-year. In May, the hog farming industry of 15 listed companies collectively raised 12.57 million pigs, a decrease of 0.03% year-on-year. In addition, experts said that the national average price of pigs per kilogram in the second week of June was CNY 18.41, compared to March.

Zhitong FinanceJun 21 03:36 ET

Hong Kong stock concept tracking: Abnormal El Niño phenomenon, institutions concerned about the impact of climate on agriculture and animal husbandry farming industry. (Attached concept stocks)

Major breeding enterprises have achieved profits in May, and it is expected that the pig price will continue to show an upward trend with fluctuations in the future.

Zhitong FinanceJun 20 20:25 ET

CICC: Maintains Dehong livestock (02419) "outperform" rating, and raises the target price to HKD 66.

CICC raised its forecast for DeKang Agriculture and Animal Husbandry's net income in 2024 from 1.2 billion yuan to 2.6 billion yuan, while maintaining its forecast for net income in 2025 at 3.8 billion yuan.

Zhitong FinanceJun 19 21:13 ET

Huachuang Securities: White chicken prices picked up in April, and the sector may be profitable or ushered in a turning point

The Zhitong Finance App learned that Huachuang Securities released a research report believing that the chicken cycle is coming. From a long-term perspective, the cost performance ratio and economic advantages of white chicken as the animal protein with the lowest feed-to-meat ratio will be further reflected, and the long-term growth of the industry has been highlighted; on the other hand, the size of leading companies has clearly expanded compared to the previous cycle, and the ability to redeem profits in this cycle is expected to increase significantly compared to the previous cycle. Industrial chain profits are concentrated in the upstream seedling chain, and advantageous breeding companies may obtain excess profits. According to the Association's monthly report, only 179,900 units were imported (accounting for 41%) of the ancestral renewal volume in January-April, and imports accounted for

Zhitong FinanceMay 24 04:45 ET

Why We're Not Concerned About Dekon Food and Agriculture Group's (HKG:2419) Share Price

When close to half the companies in the Food industry in Hong Kong have price-to-sales ratios (or "P/S") below 0.6x, you may consider Dekon Food and Agriculture Group (HKG:2419) as a stock to potentia

Simply Wall StMay 20 23:01 ET