中糧肉食に関するコメント

$中糧肉食(01610.HK)$ The recent four trading days accounted for a relatively large short, short today accounted for more than 23%
In the past four trading days, the cumulative short selling of more than 120 million shares, the amount of nearly 400 million yuan.
Bear dominant, or will appear larger one-day fall.
The pig cycle will not end soon, with high probability of bottom repetition. The price fluctuates below cost.

$中糧肉食(01610.HK)$
The profit composition of the third quarter is roughly analyzed as follows:
1. Profit of commercial pig sales is 0;
2. Pig futures hedging profit of 200 million yuan (the previous post has analyzed that COFCO Futures earned 288 million yuan on 2109 contract pig futures, and according to the relatively optimistic ratio of 70% split to CoFCO Jiakang, got 200 million yuan);
3, fresh pork sales profit of 600 million;
4, other 50 million (foreign exchange hedging, soybean meal futures and other comprehensive).