01610 COFCO JOYCOME
- 1.880
- +0.030+1.62%
COFCO JOYCOME News
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.
National Bureau of Statistics: Pig prices in late April fell 1.3% from mid-month to month
On May 7, the National Bureau of Statistics announced changes in market prices for important means of production in the distribution sector in late April.
Express News | Ministry of Finance: From January to March, the total revenue of state-owned and state-owned enterprises across the country increased by 3.2% year on year, and total profit increased 2.8% year on year.
中糧家佳康：2023年年報
Egg prices have soared in many countries! The “deadliest bird flu in history” has made a comeback, and the US and Japan have once again been affected by the disaster
① Recently, signs of a resurgence of bird flu have been discovered again in farms in the United States, Japan and other places. ② Currently, in addition to the US and Japan, egg prices have soared in Europe, Mexico, Indonesia, etc., and many consumers have even begun to stock up on eggs.
Express News | Huatai Securities: Pig prices are expected to rise steadily from May
Huatai Securities: The off-season will take full advantage. What should we pay attention to when investing in pig stocks?
Huatai Securities released a research report saying that pig prices have fluctuated and declined since April, but the pullback has not been significant. The off-season is over, pig prices are expected to rise steadily from May, 24Q2 pig prices may improve year on month, and drive pork's contribution to CPI to the right.
Changes in Hong Kong stocks | COFCO Jiajiakang (01610) rose more than 6%, leading the rise in pork concept stocks, pig prices were strong, and pig farming may turn a loss into a profit in the second quarter
Pork concept stocks rose. As of press release, COFCO Jiajiakang (01610) rose 6.02% to HK$1.76; Wanzhou International (00288) rose 2.78% to HK$5.54.
COFCO Jiajiakang (01610) appoints Jin Qiu as Joint Company Secretary
According to the Zhitong Finance App, COFCO Jiajiakang (01610) announced that due to the division of labor adjustments, Zhang Nan has resigned as the company's joint company secretary since April 18, 2024, and is still the company's executive director, general manager, and a member of the Food Safety Committee. Since the same day, Jin Qiu has been appointed as Joint Company Secretary. Zhou Qingling will continue to serve as another joint company secretary.
Hong Kong Stock Concept Tracking | The inflection point in the pig cycle has stabilized in the North and South, and the inflection point of the pig cycle is becoming more clear (with concept stocks)
Recently, as the temperature rises, digestion of white stripes from large pigs has slowed down, and slaughterers have reduced their procurement of medium and large pigs, but the number of pigs sold has increased, and market supply has exceeded demand, which has led to a brief correction in pig prices. According to statistics from Zhuochuang, the average price of pigs nationwide was 15.11 yuan/kg on April 16, down 0.05 yuan/kg from the previous month. However, the South is generally stable, and the farming side is more willing to raise prices. As the north falls, the north-south price gap narrows, leading to a decrease in the transfer of pigs from South to North, supporting the market. It is expected that pig prices may stop falling and stabilize in the short term. Since the end of 2022, the pig breeding industry has continued to lose money for 15 months, and the average loss margin is also at a high level in history
Changes in Hong Kong stocks | COFCO Jiajiakang (01610) is now up more than 4%, and the pig breeding industry continues to lose money and is expected to accelerate the progress of the industry's capacity removal
COFCO Jiajiakang (01610) is now up more than 4%. As of press release, it has risen 3.66% to HK$1.7, with a turnover of HK$12.881 million.
Consumption of off-season pig prices continues to rise, which has a better chance of exploring COFCO Jiajiakang (01610) or Wanzhou International (00288)?
Although the current fundamental data does not yet support the conclusion of a complete reversal of the industry, the appeal of the cycle also lies in fluctuations and poor expectations. For fervent investors, the present may already be a time window for early reversal of the game cycle.
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