01610 COFCO JOYCOME
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COFCO JOYCOME News
Express News | Investment Strategy Research: Pig Price Inflection Point Approaching High Quality Pig Companies May Welcome Layout Window
Hong Kong stock concept tracking | Pig prices continue to rise, institutions are optimistic about improving the profitability of listed pig companies (with concept stocks)
The pig industry has finally ushered in clear signs of recovery. According to monitoring by the Ministry of Agriculture and Rural Affairs, in the 3rd week of April, the average price of pigs nationwide was 15.34 yuan/kg, up 6.8% from the previous year. Judging from the April sales data recently disclosed by major listed pig companies, the average sales price of commercial pigs has been on an upward channel since December 2023, and the industry is returning to the breeding break-even line. At the same time, the A-share pork sector also experienced a rise. The stock prices of Shennong Group and Huatong Co., Ltd. reached 74% and 46% respectively in the past half month, and the stock prices of companies such as Muyuan Co., Ltd. and Wen's Co., Ltd. also continued to challenge new highs. As pig prices continue to rise, the market
Huatai Securities: Pig inflection point shows 24Q1 feed leader & pet sector welcomed a good start
The profit side of the 4Q1 pig breeding sector has now reduced losses, and profits from leading feed and pet sectors have bucked the trend. It is recommended to grasp the two main lines of agricultural stock investment in 2024 accordingly.
Express News | CICC: In the medium to long term, the opportunities outweigh the risks in the medium to long term, and may still be dominated by structural opportunities in the short term
Changes in Hong Kong stocks | COFCO Jiajiakang (01610) rose by nearly 5%. The fundamentals of pig supply and demand are gradually easing, and pig prices have entered a slow upward trend
COFCO Jiajiakang (01610) rose by nearly 5%. As of press release, it had risen 4.26% to HK$1.96, with a turnover of HK$36.729 million.
Express News | Fangzheng Securities: Pig prices have entered a slow upward trend
Nurturing a new cycle: “Earning money” in the second half of the year was a consistent expectation. Was it a small fluctuation or a big market?
Financial Services Association, May 12 (Reporters Liu Jian and Wang Ping An) The timeline for capacity removal is lengthening, and the pig cycle concept seems to be weakening, yet the pig industry is still thirsting for a “new cycle.”
The era of marginal profit: who is silently falling to the bottom and waiting for the “dividend” of pig prices to pick up?
A new cycle has spawned, and the traditional cycle of ups and downs and huge profits is far away. How should pig companies with rapid expansion and debt pressure survive in the future?
Cyclical changes: Profitability attracts capital to pour in, and pig companies sound the trumpet of expanding production
Who is behind cycle failure? Mr. Lu, who has experienced African swine fever, felt it very deeply. “I think it's capital. Raising pigs was very profitable after African swine fever in '19.”
Production capacity is slowly being removed: pig companies' debt ratios are rising, and “they can handle it” even though the pressure is high
The boom in pig farming began, the proportion of large-scale pig farming increased rapidly, production capacity recovered rapidly, and was slow to decline. “Before 2017, the proportion of retail investors was quite large, and the number of retail sows would also fluctuate relatively large, further driving the evolution of the pig cycle.” An industry insider said.
Pig cycle “failure”: the worst loss in history, farmers bluntly called it “too difficult!”
① In the past, the pig cycle was about every 3-4 years. The upward time in this round of the pig cycle was short, and losses on the breeding side were serious, and the industry lamented “it's hard to make money!” ② The formation cycle of the pig industry is a mismatch between changes in supply and demand and the pig growth cycle.
CICC: Pig prices may start to rise, and pig companies' balance sheet recovery has entered a critical period
From an enterprise perspective, the current financial pressure on pig companies has reached a historical extreme, and the period of rising pig prices is a critical window for balance sheet repair. From an investment perspective, the current round of the market did not beat pig prices; the inflection point on the right side of pig prices is a key catalyst.
Hong Kong Stock Concept Tracking | Leading pig companies reach break-even point, institutions are optimistic that the livestock and poultry farming cycle is approaching an inflection point (with concept stocks)
Pig prices are picking up, costs are falling, leading pig companies such as New Hope and Wen's Co., Ltd. have successively achieved profit and loss balance in a single month, and the industry as a whole is returning to the breeding break-even line. All relevant business sources said that in the future, ensuring profit will be the primary consideration to achieve high-quality enterprise development. “Looking at it now, the company as a whole had a break-even balance in April, which is a very good sign. In particular, the company's backup sow conversion costs have room for rapid decline in the future.” Chen Xingyao, vice president of New Hope, said. He expects the improvement in production and operation to be fully reflected after the second quarter. According to the CITIC Securities Research Report, pig prices have been around since 2023
Featured announcements | SMIC's Q1 net profit of US$71.792 million, down 68.9% year on year; Teb International plans to sell business for nearly HK$1.2 billion
Aobo Holdings' net loss for the first quarter was HK$74 million, a year-on-year narrowing of 91.48%; Huahong Semiconductor's Q1 net profit of US$31.818 million decreased by 79.1% year-on-year.
Express News | CICC: Pig prices may start to rise, and pig companies' balance sheet recovery has entered a critical period
COFCO Joycome Foods Logs 244,000 Heads in April Hog Output
COFCO Joycome Foods (HKG:1610) saw a hog production volume of 244,000 heads in April, with an average price of 15.26 yuan per kilogram for finishing hogs, a Thursday filing on the Hong Kong bourse sai
COFCO Jiajiakang (01610.HK): 244,000 pigs released in April
Gelonghui, May 9 | COFCO Jiajiakang (01610.HK) released its April 2024 operating report. 244,000 pigs were sold in that month, the average sales price of large commercial pigs was 15.26 yuan/kg, and the sales volume of fresh pork was 201,000 tons.
Hong Kong Stock Concept Tracking | Pig Price Recovery Helps Leading Pig Companies Achieve Break-even Industry Sentiment or Exceed Expectations (with concept stocks)
As pig prices picked up and costs declined, leading pig companies such as New Hope (000876.SZ) and Wen's Shares (300498.SZ) achieved monthly break-even in April, and the industry as a whole is returning to the breeding break-even line.
Changes in Hong Kong stocks | COFCO Jiajiakang (01610) rose nearly 4% in the afternoon, pig prices rose for 4 consecutive months, and the industry as a whole picked up
COFCO Jiajiakang (01610) rose nearly 4% in the afternoon. As of press release, it rose 3.89% to HK$1.87, with a turnover of HK$34.993,500.
Interpretation of the ESG Annual Report | COFCO Jiajiakang (01610) released the 2023 ESG Report, starting at the source to ensure the safety of meat for citizens
Recently, COFCO Jiajiakang (01610) released the “2023 Environmental, Social and Governance Report”, which publicly reports on the operation of the company and helps stakeholders thoroughly examine COFCO Jiajiakang's corporate social responsibility and sustainable development practices.
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