01699 PUTIAN FOODWatchlist
PUTIAN FOOD News
Putian Foods (01699) delayed publication of 2022 annual results and continued suspension of trading of 2023 interim results
Putian Foods (01699) issued an announcement. Due to the continued sharp drop in pork and pig prices over the past few months and the extreme financing environment...
PUTIAN FOOD: INSIDE INFORMATION (I) FURTHER DELAY IN PUBLICATION OF THE 2022 ANNUAL RESULTS AND DESPATCH OF THE 2022 ANNUAL REPORT; (II) FURTHER DELAY IN PUBLICATION OF THE 2023 INTERIM RESULTS AND DESPATCH OF THE 2023 INTERIM REPORT; AND (...
Everbright Securities: The fundamentals of strong market supply and weak demand have not changed, and it is difficult to see a sharp rebound in pig prices in the short term
The Zhitong Finance app learned that according to a research report published by Everbright Securities, according to data from SogPig Network, after the release of storage information on November 24, the national average pig price dropped from 14.84 yuan/kg to 14.53 yuan/kg on November 25, and market pessimism remained the same. Looking ahead to the market, the fundamentals of strong supply and weak demand in the market remain unchanged.
Guotai Junan: Production capacity for breeding sows continues to decline, and the cycle reversal is getting closer
According to monitoring data from the Ministry of Agriculture and Rural Affairs, at the end of October 2023, the number of sows capable of breeding nationwide was 42.1 million, or 102.7% of the normal stock of 41 million heads. There has been a correction for 10 consecutive months. Pig prices are not strong during the peak season, production capacity continues to decline, and the cycle reversal is getting closer.
CITIC Construction Investment: The third batch of pork collection and storage work is about to begin during the year. How are pig prices interpreted at the end of the year?
Currently, the supply in the pig market is still relaxed, and it is difficult for pig prices to rise sharply. It is expected that the overall situation may still be dominated by range-bound fluctuations.
CITIC Securities: Removing production capacity and entering a substantial stage to increase pig sector allocation
CITIC Securities released a research report saying that the prices of fat pigs, piglets, and eliminated sows are falling rapidly, and the industry may enter a stage where production capacity is substantially reduced. Currently, we are in the stage of removing production capacity from the pig cycle. Most listed companies have an average market value of only 1,000-3,000 yuan for the beginning of 2024. Currently, the stock price has low expectations for a reversal of the cycle and the company's growth. Negative sentiment has been fully released. It is recommended to seize the window of accelerated removal of production capacity and actively allocate it.
CICC: The pig industry is entering an investment layout window to accelerate the removal of production capacity and focus on the targets of selected enterprises
The Zhitong Finance app learned that CICC released a research report saying that, based on tight capital and low pig prices as a catalyst, it has now entered a range of accelerated removal of production capacity.
Minutes of exchange between experts in the pig industry: Index sales difficulties due to financial constraints are expected to be reduced by at least 40% of the production capacity of small to medium retail investors
The Zhitong Finance App learned that recently, the Minutes Private Circle published the minutes of exchanges between experts in the pig industry. According to the minutes, according to the current decline in payment prices and the index, the trend of removing pig production capacity will continue to decline. The capital of many companies is tight, making it difficult to sell indices. This may cause small to medium retail investors to be relatively weak in purchasing breeding pigs and indices.
Haitong Securities: Piglet prices continue to bottom out, and the commercialization process of genetically modified animals may accelerate
Haitong Securities released a research report saying that the average price of pigs reached more than 17 yuan in August, but the growth rate was not high, and recently the price of piglets hit a new low during the year. This shows that the current industry is still relatively cautious about expanding production. This also determines that the industry still has a basis for removing production capacity. At the same time, considering the relatively sufficient supply of pigs in the second half of the year, pig prices will once again face downward pressure after secondary breeding falls, and production capacity is also expected to accelerate again, but at a pace, we need to pay attention to consumption conditions.
PUTIAN FOOD: INSIDE INFORMATION (I) FURTHER DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2022; (II) DELAY IN PUBLICATION OF INTERIM RESULTS ANNOUNCEMENT FOR THE SIX MONTHS ENDED 30 JUNE 2023; (I...
Huatai Securities: Being able to breed sows and continue the trend of exegulation suggests paying attention to leading companies
After a recent rapid rebound in pig prices, it has entered a period of shock, or due to short-term factors such as pressure barriers and secondary fattening. The bank expects pig prices to return to a slump in the future, and the trend of removing sow production capacity is expected to continue.
Putian Foods (01699): Feng Nanshan was appointed as company secretary
Putian Foods (01699) announced that Zhu Jianhao has resigned as the company secretary and financial director of the company and is no longer in charge...
Huatai Securities: Pig prices have risen sharply or are leading breeding leaders due to abnormal weather, secondary breeding, and pressure resonance
The Zhitong Finance App learned that Huatai Securities released a research report stating that pig prices rose sharply last week, which may be due to factors such as abnormal weather, secondary education, and pressure. Pig prices have already entered a volatile stage. Pig breeding companies may break out of a differentiated market, and companies with high growth, excellent cost control, and good debt and cash flow conditions are expected to have allocation opportunities. It is recommended to focus on leading companies with high listing growth and cost advantages.
Putian Foods further delays publication of 2022 annual results and continues to suspend trading
Putian Foods (01699) announced that it is not appropriate for the company to publish the Group's unaudited management accounts for the year ended December 31, 2022 that have not been agreed with the auditor. This is because the relevant accounts may not accurately reflect the Group's financial performance and status, and the publication of the relevant accounts may cause misleading and/or confusion among the company's shareholders and potential investors. Furthermore, the suspension continues.
Putian Foods (01699) further delays publication of 2022 annual results and continues to suspend trading
According to the Zhitong Finance App, Putian Foods (01699) announced that it is not appropriate for the company to publish the Group's unaudited management accounts for the year ended December 31, 2022 that have not been agreed with the auditor. This is because the relevant accounts may not accurately reflect the Group's financial performance and status, and the publication of the relevant accounts may mislead and/or confuse the company's shareholders and potential investors. Furthermore, the suspension continues.
PUTIAN FOOD: INSIDE INFORMATION (I) DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2022; AND (II) CONTINUATION OF TRADING SUSPENSION
PUTIAN FOOD: QUARTERLY ANNOUNCEMENT
PUTIAN FOOD: INSIDE INFORMATION (I) POSSIBLE FINANCING AND DEBT RESTRUCTURING PLAN; (II) STATUTORY DEMAND; (III) FURTHER DELAY IN PUBLICATION OF AUDITED ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2022; (IV) POSTPONEMENT OF T...
Pu Sweet Foods: Inside Information (I) Possible Financing and Debt Restructuring Plans; (II) Further Delay in Publication of Audited Annual Results Announcement for the Year Ended 31 December 2022; (III) Postponement of Board Meeting; and (IV) Continued S
Sweet Foods: Insider Information (I) Delay in publication of the audited year ended December 31, 2022 Announcement of annual results; (II) profit warning; (III) Expecting no comments; (IV) Board meetings are postponed; and (V) Suspension of trading