Gelonghui, June 9, 丨 China Starch (3838.HK) bucked the trend and rose more than 7%, with a cumulative increase of 25% during the month. The current report of HK$0.28 reached a new high since April 2018. The turnover increased to HK$20.61 million, with a total market capitalization of HK$1.68 billion.
Pig prices have rebounded, some breeding companies have reversed losses, and the “pig cycle” has begun a new cycle. The company's fermentation and downstream products are widely used and can be used in different industries such as animal breeding, paper making, catering and chemicals. In particular, as the pig cycle approaches and the pig industry recovers, market demand for animal feed-related products will increase dramatically. In addition to this, there are also parts of China Starch worth mentioning, namely its key technological breakthroughs and the acquisition of land in Shouguang City to be used as a new lactic acid and polylactic acid production plant last year.