Core Viewpoint - Yuran Agriculture (09858) has seen its stock price increase by over 20% this week, with a current rise of 5.13% to HKD 4.3, and a trading volume of HKD 105 million [1] Group 1: Cattle Prices - As of November 21, the price of calves is HKD 32/kg, reflecting a week-on-week increase of 0.63% and a year-to-date increase of 32.73% [1] - The price of fattened bulls is HKD 25.58/kg, showing a week-on-week decrease of 0.16% but a year-to-date increase of 8.25% [1] Group 2: Supply and Demand Outlook - Due to previous long-term losses, there has been a significant reduction in production capacity, leading to a gradual decrease in breeding cows, which is expected to tighten beef supply in the medium to long term [1] - It is anticipated that beef prices will enter an upward cycle between 2026 and 2027 [1] Group 3: Raw Milk Prices - The reduction in production capacity is expected to lead to a contraction in raw milk supply, with prices likely to stabilize and recover in the coming year [1] - Analysts expect a new cycle for beef prices to begin, with the sector's overall outlook improving [1]
港股异动 | 优然牧业(09858)再涨超5% 本周股价累涨两成 机构预计新一轮肉牛周期有望开启