COFCO Jiajiakang (01610) is now up more than 4%. As of press release, it has risen 3.66% to HK$1.7, with a turnover of HK$12.881 million.
The Zhitong Finance App learned that COFCO Jiajiakang (01610) is now up more than 4%. As of press release, it has risen 3.66% to HK$1.7, with a turnover of HK$12.881 million.
Changjiang Securities pointed out that in the first quarter of 2024, while pig prices are still relatively low, it is expected that sector performance will continue to be under pressure, and the industry may begin to remove production capacity nonlinearly. Looking at the later stages, against the backdrop of continued deep losses in the pig breeding industry, production capacity of some high-cost and high-leverage enterprises may continue to clear, thereby further expanding the cumulative reduction in production capacity, and the inflection point of the pig cycle will also become more and more clear. Currently, the average market value of pig breeding companies is still at the bottom, and we are optimistic about investment opportunities in the sector.
Capital Securities, on the other hand, pointed out that considering that supply in the pig industry is still sufficient in the first half of 2024, pig prices are expected to continue to be relatively low in the future. Large-scale markets with high costs and high debt may be impacted one after another, and catalyze the industry to accelerate the process of removing production capacity. The pig breeding industry has a high margin of safety, and deployment opportunities are obvious.