The Zhitong Finance App learned that China Shenghai Group (01676) rose more than 8%. As of press release, it had risen 8.14% to HK$1.86, with a turnover of HK$1.09 million.
Haitong Securities pointed out that the previous New Year's Day holiday did not significantly drive up the price of aquatic products, reflecting that the current supply of major aquatic products is still too high, and at the same time, the consumer side falls short of expectations. Considering the slump in the major aquatic products market in 23, the amount of seedlings invested in some aquatic products has also declined, which means that supply will decrease next year, fishery prices are expected to rise, and industry sentiment is expected to pick up. At the same time, in the context of the industry facing certain pressure, the industry pattern may be further concentrated towards leaders, and the company's valuation is low.