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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.
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