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gtja Securities: strong reality, weak expectations, misalignment of pig cycle position and valuation level.
Under weak expectations but strong reality, the current spot price has already led the rise and exceeded expectations. Even if following the spot price, related companies still have room for valuation repair.
China Merchants Securities: How is the excess profit of the pig industry formed?
The profitability of the future pig industry will be lower than each cycle before 2018, roughly ranging from 100 to 150 yuan, but higher than the irrational cycle in 2022.
Hong Kong Stock Concept Tracking | Pig prices rise and costs decrease, the "scissors difference" expands, and many pig companies' profitability recovers. Is the turning point of the cycle here? (Attached Concept Stocks)
According to the sales report released by the pig industry, the recovery of pork prices has brought sustained repair of corporate profitability.
Will the pig cycle start benefiting from an upward trend? Industry insiders: the trend of improvement is beginning to emerge | industry news
① The animal protection industry is currently showing signs of recovery and warming, with some industry insiders stating that the market has seen some improvement recently compared to the first quarter and last year. ② In the second quarter of 2024, the number of domestically produced biological products for animal use issued in batches has increased compared with both the same period last year and the previous quarter. ③ When profits in the downstream aquaculture industry are on the rise, profits of upstream animal protection companies will also see a certain upward trend, according to industry experts interviewed.
"Rocket eggs" is coming? Chicken seedling companies show signs of accelerated orders. Short-term egg prices may be easy to rise and difficult to fall | Industry News
①Starting from late June, egg prices continued to rise, increasing by nearly 30% in the past half month; ②The rise in egg prices has driven the increase in profits for egg-laying chicken farming, a 120.51% increase compared to the previous period; ③There are signs of accelerated downstream replenishment, and frontline staff from some chick companies have stated that "currently, customers' willingness to purchase chicks has increased and sales are moving quickly, with chick prices continuing to rise."
Hong Kong stock market concept tracking | Pig cycle continues to recover, many pig enterprises significantly increase profits in the second quarter (including concept stocks).
With the recovery of the pig cycle in the first half of this year, pig prices have also started to rise and surpassed the highest level of the past three years in June.
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