HK Stock Market Move | Muyuan Foods Group (02714) rises more than 4%, pig prices rebounded by 20% in half a month, and the company's cost end continues to be optimized.
Muyuan Shares (02714) surged over 4%, up 4.2% to HK$33.22 at the time of publication, with a turnover of HK$70.51 million.
Muyuan Foods Group (02714) rose more than 4%, reaching a 4.2% increase to HK$33.22 at the time of writing, with a turnover of HK$70.51 million.
On the news front, according to third-party data, the national live hog price reached 11.31 yuan/kg on July 14, up 20% from the recent low half a month ago. In addition, Muyuan Foods Group recently issued a profit warning, expecting a net loss of 5.7 billion to 6.7 billion yuan in the first half of the year. Huatai pointed out that due to the increasing pressure on hog prices in the second quarter, the company's performance is temporarily under pressure. However, the company continues to optimize costs, and recent buybacks and high-level holdings also demonstrate the company's confidence in overcoming the cycle. The bank believes that the acceleration of capacity digestion and the clear trend of bottoming out and rebounding in hog prices in the medium and long term heralds a time to allocate to the livestock farming sector.
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Under the leadership of SHOUCHENG(00697), the fund has invested in Zhaoguang Precision to inject strong development momentum in key areas such as production base construction and core capacity expansion and upgrading.

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