01610 COFCO JOYCOME
- 1.310
- -0.020-1.50%
COFCO JOYCOME News
Does COFCO Joycome Foods (HKG:1610) Have A Healthy Balance Sheet?
COFCO Joycome Foods Limited (1610) Gets a Buy From DBS
COFCO Joycome Reports Progressive August Figures
Cofco Joycome (01610.HK) had a pig production of 0.279 million heads in August.
On September 9, COFCO Joycome (01610.HK) released the August 2024 operation report, with 0.279 million pigs slaughtered in that month, the average selling price of large pigs at 20.27 RMB per kilogram, and the sales volume of fresh pork at 0.0213 million tons.
Express News | COFCO Joycome Foods - August Hog Production Volume 279,000 Heads
Cofco Joycome (01610) fell by 31.40%, now trading at 1.400 yuan, hitting a 52-week low.
As of 11:48, Cofco Joycome (01610) dropped 31.40% compared to the previous closing price, now trading at HKD 1.400, hitting a 52-week low; the volume was 11.23 million shares, with a turnover of HKD 15.8232 million.
August is the peak period of profitability for pig enterprises, with daily profits exceeding one billion yuan. | Industry News
①In August, the pig market continued to recover, with sales prices of major pig companies reaching a new high this year; ②The peak of profitability for pig companies still focuses on reducing costs and increasing efficiency. Muyuan Foods, Shennong Group, and Wens Foodstuff Group have all reduced their fully loaded costs to below 14 yuan/kg; ③Some industry insiders believe that breeding companies will continue to maintain a considerable profit trend this year.
Buy Rating Affirmed for COFCO Joycome Amidst Margin Recovery and Expansion Progress
Hong Kong stock concept tracking | Hog prices at high levels, hog farming profits significantly improved. Valuation of leading hog farming enterprises at low levels (with concept stocks).
From the current valuation perspective, the sector has gone through adjustments and is at a low valuation level.
DBS Sticks to Its Buy Rating for COFCO Joycome Foods Limited (1610)
COFCO Joycome Foods Returns to Profit in H1 Despite Lower Revenue
COFCO Joycome Navigates Market Challenges
COFCO Joycome Foods: Board Didn't Declare Interim Dividend for 1H>1610.HK
COFCO Joycome Foods: Rev Weighed by Hog Production, Meat Import Business >1610.HK
Express News | COFCO Joycome Foods H1 Adjusted Gross Margin -3.5%
Express News | COFCO Joycome Foods H1 Net Income RMB -389 Million
Express News | COFCO Joycome Foods H1 Capex RMB 523 Million
Express News | COFCO Joycome Foods H1 Revenue RMB 4,571 Million
COFCO JOYCOME: INTERIM RESULTS ANNOUNCEMENT FOR THESIX MONTHS ENDED JUNE 30, 2024
Minsheng Securities: Pig prices continue to fluctuate in the high prosperity range, waiting for positive transmission in the post-cycle.
The number of newborn piglets has a turning point since October 2023. Pushing back six months means that April 2024 will mark the turning point for the number of pigs slaughtered, with later pig supply pressures easing month by month.
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