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Hong Kong stocks are moving differently | Most Agriculture stocks opened higher as the plan to strengthen agriculture was released. Institutions indicate that tariff countermeasures may push grain prices upward.
Most Agriculture stocks opened high, as of the time of publication, SHIYUE DAOTIAN (09676) rose 8.17%, reported at 8.47 Hong Kong dollars; FIRST TRACTOR (00038) rose 5%, reported at 5.88 Hong Kong dollars; COFCO JOYCOME (01610) rose 4.26%, reported at 1.47 Hong Kong dollars.
Hong Kong stock Concept tracking | The central government issued a document! Accelerate the construction of a strong Agriculture nation, comprehensive breakthroughs in independent innovation in seed industry, and a promising future (with related Concept s
The Central Committee of the Communist Party of China and the State Council recently issued the "Plan for Accelerating the Construction of an Agricultural Power (2024-2035)".
First Tractor (601038.SH): The company's diesel engine products are mainly designed to support Agricultural Machinery.
On April 7, Glonghui reported that First Tractor (601038.SH) stated on the investor interaction platform that the YTN4 series (3.6L), LR series (4.33/4.75/6.49/7.13L), and YM series (9.73/11.6L) diesel engines produced by the company can be applied in the Generator field and are compatible with 10-350kW generators. The company does not directly sell generators. The company's diesel engine products are mainly used as supporting equipment for Agricultural Machinery, with the sales and revenue from diesel engines for generators being relatively small.
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Hong Kong Stock Concept Tracking | In January and February, excavator exports surged year-on-year, Institutions are Bullish on the domestic Construction Machinery exceeding expectations recovery (including Concept stocks).
CME predicts that domestic excavator sales will increase by 22% year-on-year in March.
