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Jiangsu Lihua Animal Husbandry Co., Ltd.'s (SZSE:300761) Financials Are Too Obscure To Link With Current Share Price Momentum: What's In Store For the Stock?
Lihua Animal Husbandry Returns to Profit in H1; Shares Down 3%
Jiangsu Lihua Animal Husbandry: Half-year report for the year 2024.
Jiangsu Lihua Animal Husbandry: Summary of Half-Year Report in 2024.
GTJA Securities: Bullish on Q3 prices due to low inventory and weak pig feed.
Fodder production in the first half of the year is still weak. Pay attention to the reversal of the feed cycle dilemma after the improvement of breeding profits. Pig prices remain stable at a high level, bullish on third-quarter pig prices. The current sector valuation is still low, continue to recommend the breeding sector.
Research reports reveal that the profit performance of Jiangsu Lihua Animal Husbandry exceeds expectations, and China Merchants maintains a "strong recommendation" rating.
China Merchants research reports pointed out that in the first half of the year, Jiangsu Lihua Animal Husbandry (300761.SZ) continues to see a rise in prices of livestock and poultry, coupled with the continuous improvement of the company's breeding level and the continuous optimization of fodder costs, the company's profitability performance exceeds expectations. Bullish on the company's yellow chicken and hog cycle resonance. Maintaining a 'strongly recommended' investment rating. Q2 is expected to earn RMB 470-520 million (compared to a loss of RMB 200 million in the same period last year), with an EPS of RMB 0.57-0.63. Overall, due to gradual decline in fodder costs and the continuous improvement of the company's breeding level, the cost of livestock and poultry breeding has significantly improved. The hog sector turned losses into profits in the second quarter, and estimated sector profits are around RMB 500 million.
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