Core Viewpoint - The livestock stocks are experiencing significant gains, with companies like Yuran Dairy, China Shengmu, and others seeing substantial increases in their share prices due to favorable market conditions and strategic agreements [1] Company Summaries - Yuran Dairy (09858) shares rose by 10.26%, reaching HKD 3.33 [1] - China Shengmu (01432) shares increased by 9.23%, reaching HKD 0.355 [1] - Original Ecology Dairy (01431) shares went up by 3.39%, reaching HKD 0.305 [1] - Modern Dairy (01117) shares rose by 2.36%, reaching HKD 1.3 [1] Industry Insights - Original Ecology Dairy announced an agreement with its controlling shareholder, China Feihe, to supply raw milk from 2026 to 2028, with proposed annual sales caps of RMB 3.1 billion, RMB 3.4 billion, and RMB 3.7 billion, which would account for 96% of total revenue [1] - The price of raw milk is expected to be no less than that offered to independent third-party customers [1] - Tianfeng Securities indicated that the current dairy cow capacity reduction may be nearing its end, with Q3 silage purchases potentially accelerating the clearing process, leading to a rebound in raw milk prices [1] - Beef prices may be at a turning point, but various factors such as funding, confidence, and environmental concerns could affect the willingness to restock, impacting future price increases [1] - Companies with cow resources or those adopting a "milk-meat linkage" model are expected to have stronger profitability [1] - Suggested companies to watch include Yuran Dairy, China Shengmu, Guangming Meat Industry, Modern Dairy, and Aoyuan Group [1]
牧业股继续走高 奶牛产能去化或近尾声 机构称奶肉联动模式企业盈利能力突出