COFCO Jiajiakang (01610) rose more than 4%. As of press release, it rose 4.14% to HK$1.76, with a turnover of HK$17.818,700.
The Zhitong Finance App learned that COFCO Jiajiakang (01610) rose more than 4%. As of press release, it had risen 4.14% to HK$1.76, with a turnover of HK$17.818,700.
Debon Securities said that currently there is a strong sense of bullishness on the industrial side. Group companies are putting pressure on the bar, and the standard pig has been “withheld” from entering the secondary education market, driving up the recent rise in pig prices. Since rising temperatures are not conducive to fat sales, supply pressure will be released one after another. Group companies are expected to roll out, and retail investors may be listed in April-May. Subsequent pig prices may be under pressure to recover, but due to support from secondary fattening, the decline in pig prices is expected to be limited. Currently, although pig prices have risen compared to the previous period, farming is still in a state of loss, pressure on the industry's cash flow continues to increase, and there is still a possibility that subsequent production capacity will be reduced.
According to a recent CICC research report, the company's revenue in 2023 was -10.3% to 11.57 billion yuan, and profit before and after adjustment to the fair value of biological assets was 0.16/- 171 million yuan, +3.4/-530 million yuan. The company's contrarian profit mainly contributed to profits due to steady operation and hedging of pig farming. The bank estimates that the company's futures profit was about 1.4 billion yuan. The bank also pointed out that the company's pig genome selects a firm investment in breeding, optimizes the operation of the fresh food business, and is optimistic about the company's long-term growth.