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COFCO Jiajiakang (01610) appoints Jin Qiu as Joint Company Secretary
According to the Zhitong Finance App, COFCO Jiajiakang (01610) announced that due to the division of labor adjustments, Zhang Nan has resigned as the company's joint company secretary since April 18, 2024, and is still the company's executive director, general manager, and a member of the Food Safety Committee. Since the same day, Jin Qiu has been appointed as Joint Company Secretary. Zhou Qingling will continue to serve as another joint company secretary.
Hong Kong Stock Concept Tracking | The inflection point in the pig cycle has stabilized in the North and South, and the inflection point of the pig cycle is becoming more clear (with concept stocks)
Recently, as the temperature rises, digestion of white stripes from large pigs has slowed down, and slaughterers have reduced their procurement of medium and large pigs, but the number of pigs sold has increased, and market supply has exceeded demand, which has led to a brief correction in pig prices. According to statistics from Zhuochuang, the average price of pigs nationwide was 15.11 yuan/kg on April 16, down 0.05 yuan/kg from the previous month. However, the South is generally stable, and the farming side is more willing to raise prices. As the north falls, the north-south price gap narrows, leading to a decrease in the transfer of pigs from South to North, supporting the market. It is expected that pig prices may stop falling and stabilize in the short term. Since the end of 2022, the pig breeding industry has continued to lose money for 15 months, and the average loss margin is also at a high level in history
Changes in Hong Kong stocks | COFCO Jiajiakang (01610) is now up more than 4%, and the pig breeding industry continues to lose money and is expected to accelerate the progress of the industry's capacity removal
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.
Consumption of off-season pig prices continues to rise, which has a better chance of exploring COFCO Jiajiakang (01610) or Wanzhou International (00288)?
Although the current fundamental data does not yet support the conclusion of a complete reversal of the industry, the appeal of the cycle also lies in fluctuations and poor expectations. For fervent investors, the present may already be a time window for early reversal of the game cycle.
COFCO Joycome Foods Limited's (HKG:1610) Subdued P/S Might Signal An Opportunity
There wouldn't be many who think COFCO Joycome Foods Limited's (HKG:1610) price-to-sales (or "P/S") ratio of 0.6x is worth a mention when the median P/S for the Food industry in Hong Kong is similar a
Changjiang Securities: Non-linear capacity removal in the pig breeding industry may open up investment opportunities in the optimistic sector
Changjiang Securities released a research report stating that in the first quarter of 2024, when 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.
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