01610 COFCO JOYCOME
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COFCO JOYCOME News
Market cap management guidelines promote the rise of dividend assets! The sectors of steel, building materials, and domestic banks have all surged significantly; how is the outlook for the market?
As of now, the Wind price-to-book index has increased by more than 30% since September 18, which includes stocks from large traditional industries such as banks, chemicals, and petrochemicals, while small-cap companies are mainly concentrated in building materials, home furnishings, and other areas.
Pork prices have fallen for three consecutive months. Has the economic cycle failed?
Recently, pork prices have shown a continuous downward trend, and the industry’s prosperity cycle not only failed to continue but is also showing signs of gradual collapse. The Wind Pork Industry Index has significantly underperformed the market.
Express News | Zhang Guoqing: It is necessary to promote the "three concentrations" of state capital, encourage state-owned enterprises to further emphasize their main businesses and focus on the real economy, serving as long-term capital, patient capital, and strategic
Selected Announcement | leapmotor Q3 revenue increased by 74.3% year-on-year to 9.86 billion yuan; q tech October camera module sales increased by over 10%
① china life insurance's original premium income exceeded 620 billion yuan this year, what is the growth rate? ② q tech's camera module sales in October increased by over 10%, what highlights are there in other business?
Cofco Joycome (01610.HK): 0.321 million pigs were slaughtered in October.
Gelonghui November 11th | Cofco Joycome (01610.HK) released the October 2024 operation report, with 0.321 million heads of live pigs slaughtered that month, the average selling price of large pigs at 17.45 yuan per kilogram, and the sales volume of fresh pork at 0.022 million tons.
Cofco Joycome (01610.HK) October commodity pork average selling price dropped by 8.9% monthly to 17.45 RMB per kilogram.
Cofco Joycome (01610.HK) announced that the live pork output in October was 0.321 million heads, 0.016 million heads less than the previous month, totaling 2.802 million heads this year. The average selling price for large pork commodities is 17.45 RMB per kilogram, a monthly decrease of 8.9%. In addition, the sales volume of fresh pork is 0.022 million tons, with brand revenue accounting for 32.38% of fresh pork business. (vc/w)~
Express News | The 12th meeting of the 14th National People's Congress Standing Committee: Deepening revitalization and utilization to improve the efficiency of state-owned asset management.
Costs for 90% of pig enterprises have dropped to the range of 14 yuan: many companies say there is still room for cost reduction. Will profits stabilize next year? | Industry Observation
1. The cost of 90% of the listed pig companies has dropped to the range of 14 yuan per kilogram, including five companies such as Sunlon, Muyuan Foods, and Wens Foodstuff Group, which have dropped to the range of 13 yuan per kilogram; 2. Several listed pig companies have indicated that there is still some room for cost reduction in the fourth quarter and next year; 3. Industry insiders believe that the cost reduction achievements have become a moat for the long-term development of pig companies, helping companies expand their profit margins and enhance their risk resistance capabilities.
In late October, the price of domestic live pigs dropped by 2.8% compared to the previous ten days.
According to the data released by the National Bureau of Statistics, monitoring the market prices of 50 important production materials in nine major categories in the national circulation field, shows that in late October 2024 compared to mid-October, prices of 14 products rose while prices of 36 products declined. Among them, the price of live pigs (outer three yuan) was reported at 17.4 yuan per kilogram, a decrease of 2.8% from the previous period. The price of liquefied natural gas (LNG) was reported at 4,731.5 yuan per ton, down 3.9% from the previous period. The price of coking coal was reported at 1,721.9 yuan per ton, down 3% from the previous period.
central china: Focus on the improvement of the fundamentals of meat products brought by the rebound in pork prices.
central china Securities released research reports stating that in 2024, based on the market innovation vitality of emerging categories, central china Securities recommends focusing on the following sectors: health products, soft drinks, baking, snacks, and other wines.
Express News | China International Capital Corporation: The market cap of the listed central enterprises has the potential for further recovery, focusing on three investment strategies.
Hong Kong stock concept tracking| Several aquaculture companies have achieved growth in performance in the third quarter, industry profits have materialized significantly
Pork prices rise while costs decrease, leading to growth in the third-quarter performance of many breeding companies.
Donghai Securities: It is expected that pork prices will remain robust in the fourth quarter, and the performance of pig enterprises will improve season by season. The industry is entering a phase of profit realization.
Sow inventory began to decline from January 2023, leading to a gradual reduction in current supply pressure. With limited short-term supply increase and seasonal improvement in consumer demand, it is expected that pork prices will remain prosperous in the fourth quarter, with pig performance improving seasonally, and the industry entering a phase of profit realization.
CICC: Maintains cofco joycome (01610) 'outperform industry' rating with a target price of 1.8 Hong Kong dollars.
On October 21, cofco joycome announced the acquisition of 100% equity of Cofco Jiahua in cash.
Hong Kong stock concept tracking | Pork prices have been continuously falling for two months! It is expected to rebound in the peak season at the end of the year. The high performance elasticity and long-term profitability prospects of the breeding stocks
After entering the traditional peak season of consumer demand in the fourth quarter, pork prices have been continuously falling for over two months during the traditionally strong period, with a decrease of over 20%.
In the fourth quarter, the pig prices staged an ultimate showdown between bulls and bears, determining whether the pig industry will be "fat or thin" next year. | Industry Observation
①The pork price has been falling continuously for two months in the traditional high season, with a decline of over 20%; ②Behind the decline, there is an increase in slaughtered pigs corresponding to the expansion of piglets, as well as a concentrated slaughter of secondary fattening pigs, jointly forming downward pressure; ③If the pork price in the fourth quarter is not prosperous in the 'peak season', the pig cycle may end directly if the uptrend in the pig cycle is realized, the pig enterprises and the breeding industry still have the hope of a 'good year' in 2025.
COFCO Joycome Foods to Buy COFCO Feed for 1.6 Billion Yuan
Featured News | Ping An Insurance: The net income in the first three quarters was 119.182 billion yuan, a year-on-year increase of 36.1%; China Mobile: Net income exceeded 110 billion for the year, a year-on-year increase of 5.1%.
Citic sells its stake in McDonald's China; Jiangsu Lopal Tech. will be listed from October 22, 2024, to October 25, 2024, with plans to globally issue 0.1 billion shares.
Cofco Joycome (01610.HK) spent 1.57 billion RMB to acquire the fodder business.
Cofco Joycome (01610.HK) announced related trade, acquiring 100% of Cofco Jiawah from Cofco Industry for a cash consideration of 1.569 billion RMB. Cofco Jiawah, through wholly-owned subsidiary Cofco Fodder, provides customers with comprehensive animal nutrition solutions, with core businesses covering the research and development, production, sales, and technical services of pig feed, ruminant feed, premix feed, and other feed products.
COFCO Joycome Expands With Strategic Acquisition
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