No Data
No Data
Cofco Joycome (01610) dropped over 3% in the Hong Kong stock market. Spot pig prices have risen to a relatively high level, which may lead to continued volatile operation of the market.
Cofco Joycome (01610) fell more than 3%. As of press time, it has fallen 3.24% to HKD 1.79, with a turnover of HKD 42.75 million.
Hong Kong stock concept tracking | Pig prices have risen over 20% in the past two months, industry business cycle is better than expected (attached concept stocks)
The current pig price increase is not yet over, and the high prosperity cycle is likely to exceed expectations in terms of duration.
Hong Kong stock concept tracking | Rising pork prices help boost performance and hog farming has reached the bottom end of the cycle (including concept stocks).
Institutions have pointed out that the hog farming cycle is already at the bottom end of the cycle, before dawn, and there is currently a bullish investment opportunity in hog farming stocks.
Hong Kong stock market fluctuations | Cofco Joycome (01610) is now up more than 3%. The month-on-month growth of pig production in May exceeds 8%. The sales price of pig companies in May has reached a new high for the year.
According to the Zhītōng Cáijīng app, Cofco Joycome (01610) has risen by over 3%. As of the time of publication, it has risen by 3.78% to HKD 1.92, with a turnover of HKD 34.102 million. On the news front, Cofco Joycome announced that the output of live pigs in May 2024 was 265,000, a 8.61% increase month-on-month. The average sales price of meat pigs was CNY 16/kg, a 4.85% increase month-on-month. The sales volume of fresh pork was 20,900 tons, a 3.98% increase month-on-month. Among the business of fresh pork, the proportion of brand income was 26.43%. According to Cailian News, the price of live pigs continued to rise in May, with the national average price.
Cofco Joycome (01610.HK) had 265,000 live pigs slaughtered in May.
Cofco Joycome (01610.HK) released its May 2024 operation report on June 11, with a total of 265,000 pigs slaughtered that month. The average selling price of commodity large pigs was 16 yuan/kg and the sales volume of fresh pork was 20,900 tons.
Express News | COFCO Joycome Foods - May Fresh Pork Sales Volume 20,900 Tons
No Data