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    Home > Food News > Food Articles > Pork stocks in the third quarter reported a loss, and the price of meat has risen, and the turning point is coming?

    Pork stocks in the third quarter reported a loss, and the price of meat has risen, and the turning point is coming?

    • Last Update: 2021-11-13
    • Source: Internet
    • Author: User
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    Recently, the fluctuations in pork and coal prices have become the focus of public opinion, and have been projected onto the capital market, which has also seen large fluctuations
    .

    Since mid-October, the price of live pigs has continued to rebound.
    The pork concept stocks, which have been declining this year, have also stabilized and corrected recently

    .

    Affected by the sequelae of the coal price soaring, the performance of coal companies generally increased substantially, and the third quarter reports of thermal power companies were terrible
    .

    In the third quarter of this year, pork concept stocks were basically wiped out.
    Almost without exception, related companies have delivered a report card of huge losses or a sharp drop in net profit year-on-year

    .

    Despite the tragic performance, Red Star Capital Bureau noted that as of September 30, a number of fund companies have appeared in the list of top ten new tradable shareholders of pork concept stocks, including Gao Yi Linshan, a representative of well-known private equity fund manager Feng Liu Yuan Wang No.
    1 fund, the China construction Bank's Securities investment Fund, Industrial and Commercial Bank of China's securities investment fund, CITIC Securities's securities investment fund, the National Social security Fund, the basic old-age insurance funds

    .

    In fact, since mid-October, live pig prices have continued to rebound
    .
    The share prices of several pork concept stocks have rebounded since the end of August.
    As of October 28, they have risen by more than 10%.
    The industry leader Muyuan shares (002714.
    SZ) has rebounded by about 30%

    .

    The third quarterly report was wiped out

    Many funds have appeared in the top ten tradable shareholders

    On the evening of October 27, Wen's (300498.
    SZ) released its third quarterly report for 2021.
    The company achieved operating income of 46.
    576 billion yuan in the first three quarters, down 16.
    01% year-on-year; net profit loss was 9.
    701 billion yuan

    .
    Among them, the company achieved operating income of 15.
    939 billion yuan in the third quarter, down 18.
    2% year-on-year; net profit loss was 7.
    204 billion yuan

    .

    Although there have been substantial losses, the representative work of Feng Liu, a well-known private equity fund manager, Gao Yi Linshan No.
    1 Yuanwang Fund, has newly entered the list of the top ten tradable shareholders and ranks the fifth largest tradable shareholder

    .
    As of the end of the third quarter, the shares held by Gaoyi Linshan No.
    1 Yuanwang Fund accounted for approximately 1.
    48% of Wen's A shares

    .

    Not only Wen's shares, the Red Star Capital Bureau noted that for many pork concept stocks that have announced their three quarterly reports, new funds have appeared in the list of the top ten tradable shareholders
    .

    Tiankang Biotech (002100.
    SZ) had a net loss of 434 million yuan in the first three quarters, a year-on-year turnaround; a net loss of 193 million yuan in the third quarter, a year-on-year turnaround

    .
    The Penghua Industrial Upgrading Hybrid Securities Investment Fund, a subsidiary of Bank of Ningbo, has newly entered the top ten tradable shareholders, ranking ninth

    .
    As of the end of the third quarter, the fund's shareholding accounted for about 0.
    5%

    .

    Lihua Group (300761.
    SZ) had a net loss of 600 million yuan in the first three quarters, a decrease of 596.
    35% year-on-year; a net loss of 324 million yuan in the third quarter, a year-on-year decrease of 181.
    05%

    .
    The top ten new tradable shareholders of the Basic Pension Insurance Fund 1001 portfolio ranks sixth

    .
    As of the end of the third quarter, the fund's shareholding accounted for approximately 2.
    08%

    .

    Haida Group (002311.
    SZ) net profit in the first three quarters was 1.
    746 billion yuan, a year-on-year decrease of 15.
    77%; in the third quarter, net profit was 214 million yuan, a year-on-year decrease of 77.
    94%

    .
    Dongfanghong Qidong, a three-year holding period hybrid securities investment fund under China Construction Bank, has entered the top ten new tradable shareholders, ranking eighth

    .
    As of the end of the third quarter, the fund held approximately 0.
    5% of the shares; the Oriental Red Qidong Hybrid Securities Investment Fund with a three-year holding period under the Industrial and Commercial Bank of China entered the top ten new tradable shareholders, ranking seventh

    .
    As of the end of the third quarter, the fund's shareholding accounted for about 0.
    81%; it is worth mentioning that among the top ten tradable shareholders of Haida Group, ICBC also has two funds ranked third and sixth respectively, and Bank of China Its Invesco Great Wall Dingyi Hybrid Securities Investment Fund ranked fifth.
    All three funds significantly increased their holdings in Haida Group in the third quarter

    .

    The net profit of Shuanghui Development (000895.
    SZ) in the first three quarters was 3.
    453 billion yuan, down 30.
    08% year-on-year; the net profit in the third quarter was 916 million yuan, down 51.
    73% year-on-year

    .
    The company was particularly favored by funds in the third quarter.
    The new sixth, eighth, ninth, and tenth top ten tradable shareholders are the National Social Security Fund 101 (holding approximately 0.
    82%) and China The China Securities Major Consumer Trading Open Index Securities Investment Fund under the Industrial and Commercial Bank of China (holding approximately 0.
    43% of the shares), the Taikang Asset Fengyi hybrid pension product under the Industrial and Commercial Bank of China (holding approximately 0.
    42% of the shares), Tianhong China Securities Food and Beverage Index-based Securities Investment Fund under CITIC Securities (holding approximately 0.
    39%)

    .

    The pork concept stock with the most tradable shareholders among the top ten newcomers is undoubtedly Tang Renshen (002567.
    SZ)

    .
    Among the 6 new shareholders, the fifth, sixth, and seventh are all funds, namely Dulwich Capital Yunyuan No.
    2 Private Equity Securities Investment Fund (approximately 2.
    1% of shares) and Xuanyuan Yuanding No.
    13 Private securities investment funds (holding approximately 1.
    36% of shares), Dulwich Capital Yunyuan No.
    1 Private Securities Investment Fund (holding approximately 1.
    28% of shares)

    .

    Tang Renshen had a net loss of 398 million yuan in the first three quarters, a year-on-year turnaround; a loss of 573 million yuan in the third quarter, a year-on-year decrease of 308.
    78%

    .

    Several pork concept stocks rebounded by about 20%

    Is the turning point of the pig cycle approaching?

    The Red Star Capital Bureau noted that since mid-October, the price of live pigs continued to rebound
    .
    According to the monitoring of the Ministry of Agriculture and Rural Affairs, the average purchase price of pigs at designated slaughter companies above designated size across the country increased from 13.
    14 yuan/kg from September 27th to October 3rd to 15.
    27 yuan/kg from October 18th to 24th.
    Reached 16.
    21%; the average ex-factory price of white strip meat increased from 17.
    95 yuan/kg to 20.
    47 yuan/kg during the same period, an increase of 14%

    .

    Pork stocks, which have been declining since the beginning of this year, have also stabilized and corrected recently
    .
    The pork index rose from more than 2,400 points at the end of July to 2,800.
    53 points on October 28, and once rose to nearly 3,000 points on October 19th

    .

    The share prices of many pork stocks have rebounded since the end of August
    .
    As of October 28, Tiankang Bio's share price has risen by about 16%, Lihua shares have risen by about 18%, Shuanghui Development has risen by about 20%, Wen's shares have risen by about 20%, and Dabeinong (002385.
    SZ) It rose by about 14%, and Muyuan shares rebounded by about 30%

    .
    In addition, Haida Group rebounded 13% from its lowest point in mid-September

    .

    Pork prices have risen and pork concept stocks have rebounded.
    Is the inflection point of the pig cycle approaching?

    Wang Yanan, a pig analyst at Zhuo Chuang Information, told the Red Star Capital Bureau, "It is not yet an inflection point.
    We expect the inflection point to appear around May 2022.

    "

    A number of securities firm research reports also pointed out that this round of pig price rebound is only a short-term adjustment under market rules.
    At present, the year-on-year growth rate of pig stock and sow stock is at the highest level in history, and the year-on-year growth rate is still over 20%.
    It is difficult to change the nature of the surface in a short period of time

    .


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