Core Viewpoint - The stock of YouRan Agriculture (09858) has risen over 4%, currently trading at 3.18 HKD, with a transaction volume of 82.68 million HKD, driven by seasonal demand recovery and supply-side challenges affecting milk production [1] Group 1: Market Dynamics - Short-term factors such as seasonal demand recovery and heat stress on dairy cows have led to a slowdown in the reduction of dairy cow inventory over the past two months [1] - Despite short-term fluctuations, the underlying cyclical logic remains intact, indicating that the current market pullback presents a favorable opportunity for investment [1] - The trend of dairy cow inventory reduction is expected to continue, with the turning point for the raw milk cycle approaching as demand seasonally weakens and operational pressures on related farms persist [1] Group 2: Price Outlook - Guosheng Securities anticipates that milk prices are likely to exit the downward cycle, creating opportunities in the dairy and livestock sectors [1] - The firm predicts that the current downward cycle of milk prices is nearing its end, with accelerated inventory reduction expected to lead to a turning point [1] - The increasing proportion of large-scale farms is expected to stabilize the fluctuations in milk prices, while a narrowing decline in milk prices and reduced culling of cows will contribute to profit recovery on financial statements for livestock companies [1]
港股异动 | 优然牧业(09858)涨超4% 机构称牛周期下肉奶共振逻辑依旧不变