No Data
The "breeding heat" has led to an increase in piglet prices, listed pig companies are increasing piglet sales, and pasture companies are emerging丨Industry dynamics.
① Recently, the price of piglets has risen for three consecutive weeks, leading listed pig enterprises to increase piglet sales; ② Currently, breeding sows are being concentrated in listed pig enterprises and group pig enterprises, while smallholders mainly focus on piglet fattening and secondary fattening, and free-range farming companies are on the rise.
Growth Investors: Industry Analysts Just Upgraded Their COFCO Joycome Foods Limited (HKG:1610) Revenue Forecasts By 30%
CITIC Securities: Maintain COFCO JOYCOME (01610) outperforming Industry rating, Target Price 1.8 HKD.
The bank believes that the performance meets market expectations, with profit growth due to significant improvements in the full cost of Hog Farming.
COFCO Joycome Foods Updates Nomination Committee Terms
COFCO JOYCOME (01610.HK) expects a 5.3% decrease in revenue for the fiscal year 2024 to 16.326 billion yuan, with a year-on-year reduction of 31.5% in pig slaughter volume.
On March 25, Gelonghui reported that COFCO JOYCOME (01610.HK) announced its annual performance for the year ending December 31, 2024, with revenue of 16.326 billion yuan, a decrease of 5.3% year-on-year, primarily due to a decline in Hog Farming output and a reduction in meat import Business as a risk control measure. The profit before adjustments for the fair value of biological Assets in 2024 was 0.275 billion yuan, an increase of 0.123 billion yuan year-on-year, mainly benefiting from the improved Hog Farming market background, which led to a rapid increase in output and a month-on-month improvement in costs, significantly reducing losses in the fresh food Business.
COFCO Joycome Foods: Will Improve Breeding Efficiency, Cut Farming Costs in 2025>1610.HK
The Three-year Earnings Decline Is Not Helping COFCO Joycome Foods' (HKG:1610 Share Price, as Stock Falls Another 10% in Past Week
