Hong Kong market quick glance: Three major indexes showed different trends, with the technology index falling nearly 1%, while the Hang Seng Index and the State-owned Enterprises Index rose slightly. Oil, electrical utilities, and telecommunication sector
The three major Hong Kong stock market indexes had mixed gains and losses, with the Hang Seng Index and the China Enterprises Index slightly stronger, rising by 0.22% and 0.15% respectively. The Hang Seng Tech Index had a weak performance throughout the day, dropping as much as 1.9% at one point, and ultimately closed down 0.76%.
Hong Kong stock market mid-day review: Three major indices fluctuated, the technology index fell 0.65%; oil and telecommunication sector stocks slightly rebounded, while autos and apple supplier concept stocks continued to be sluggish, with Xiaopeng dropp
During the morning session of the Hong Kong stock market, the three major indices had mixed performances. The Hang Seng Index and the HSTECH Index rose by 0.21% and 0.16%, respectively. The Hang Seng Tech Index once fell sharply to 1.9% and closed down 0.65% at noon, showing a weaker performance.
WH Group plans to go public by splitting, and the 84-year-old head may receive an IPO.
WH Group has proposed to spin off its US and Mexico pork enterprise, Smithfield Foods, for independent listing on the NYSE or NASDAQ with a minimum fundraising goal of 1 billion USD. Wan Long used state-owned enterprise reform to privatize WH Group via Dongfeng and controls the parent company WH Group through a series of shareholding platforms.
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.
"Pigs on the Windward"! Monthly sales prices of listed pig companies have risen for six consecutive months, and Q2 profitability of pig companies has become the mainstream.|Industry News
①The sales price of listed pig companies reached a new high in June, rising for six consecutive months, and the profitability has been improving significantly month by month; ②With the rising of pork price, New Hope Liuhe, Leshan Giantstar Farming&Husbandry Corporation, Special Treat Tianbang and Shennong Group all achieved profits in the second quarter; ③Some analysts predict that the profit of hog farming this year is considerable, and the average profit per head of livestock should reach 300-400 yuan for the whole year of farming.
The Pig Technology Conference is coming soon, and industry capacity continues to decline. These symbol institutions are conducting frequent research.
The 6th China Swine Industry Science Conference (CSSC 2024) will be held in Yantai, Shandong from August 5th to 7th.