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Tianfeng Securities: The value of the pig breeding sector is prominent. Companies with high growth elasticity may clearly emerge from the alpha market.
Tianfeng Securities released a research report stating that with the sufficient clearance of previous production capacity and limited progress in replenishing pig farms, the industry has considerable profit space in the lengthening of the business cycle during a bearish period for hog prices.
Guosheng Securities: It is expected that the extreme value of this round of pig cycle will appear from September to November, and the bullish market may start again.
It is expected that the extreme values of this cycle will appear in September to November 2024, which is also the traditional peak season for pig consumption. The marginal improvement of demand or the strengthening of price performance.
Hunan New Wellful Co., Ltd. announced a pre-loss for the first half of 2024.
Huafu Securities: Pig prices are rising again, and the profit cycle of this round is expected to be extended.
In early July, the enthusiasm for secondary fattening in the northern market is average, with more replenishment than sales. The incremental increase in the secondary breeding combined with the slow pace of market supply at the beginning of the month has caused pig prices to fluctuate upward.
Hunan New Wellful (600975.SH): plans to invest 279 million yuan to build the 'Chenzhou Tianxin Biological Technology Co., Ltd. annual production of 600,000 tons of new quality pig feed factory construction project'.
On July 3rd, Grong Hui reported that Hunan New Wellful (600975.SH) announced plans to further improve the pig industry chain, ensuring the supply of supporting feed for the company's breeding farms, reducing feed production and logistics transportation costs. The company's wholly-owned subsidiary, Tianxin Seeds Industry, plans to invest in the construction of the "Chenzhou Tianxin Biotechnology Co., Ltd. Annual Production of 600,000 Tons of New Quality Pig Feed Factory Construction Project" on behalf of its wholly-owned subsidiary, Chenzhou Tianxin. The total construction area of the project is approximately 90.57 mu. The total investment is 278,975.3 million yuan, of which 224,501.2 million yuan is for construction investment, 399,200 yuan is for construction period interest, and 54 million yuan is for basic working capital.
Huaxi Securities: Unexpected Rise in Pork Prices Boosts Livestock Industry Chain
According to the research report released by huaxi, as of June 25th, 2024, the pig prices for Q1/Q2 2024 were 14.44/16.20 yuan/kg respectively, with a year-on-year change of -3.86%/+13.02%. The Q2 pig price rose unexpectedly. With the rise of pig prices and the improvement of fundamentals, both self-breeding and purchased piglet breeding have achieved profits. With further cost optimization and pig price rise, the per capita profit is expected to gradually increase, and the valuation level is currently at a relatively low position. The certainty of the cyclical reversal has increased, and it is recommended to continue to pay attention to the good financial condition.
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