Core Viewpoint - Livestock stocks have collectively risen, with specific companies showing significant gains, indicating a positive market sentiment despite recent price adjustments due to temporary factors [1] Group 1: Stock Performance - Yuran Livestock (09858) increased by 6.71%, reaching HKD 3.34 [1] - Modern Farming (01117) rose by 4.2%, priced at HKD 1.24 [1] - Ecological Farming (01431) saw a 1.82% increase, now at HKD 0.28 [1] - China Shengmu (01432) gained 1.45%, trading at HKD 0.35 [1] Group 2: Market Analysis - CITIC Securities reported that the recent slowdown in dairy cow inventory reduction has led to a temporary price adjustment in livestock stocks, but this will not disrupt the underlying cyclical logic [1] - The dairy cow inventory is expected to continue its reduction trend, with the turning point for raw milk prices approaching as seasonal demand weakens and operational pressures on farms increase [1] Group 3: Future Outlook - Tianfeng Securities indicated that the current dairy cow capacity reduction may be nearing its end, with Q3 silage purchases potentially accelerating inventory clearance, leading to a rebound in raw milk prices [1] - Beef prices may also see a turning point, although various factors such as funding, confidence, and environmental regulations may affect the pace of restocking [1] - Companies with cow resources or those employing a "milk-meat linkage" model are expected to demonstrate stronger profitability, with recommendations to focus on Yuran Livestock, China Shengmu, Guangming Meat, Modern Farming, and Australia Asia Group [1]
港股异动 | 牧业股集体走高 短期因素不影响肉奶大周期共振 奶肉联动模式企业盈利能力突出