Gronghui September 8 * DBS Bank released a research report saying that in view of the continued efficiency gains and the easing of cost pressure, future profit margins will continue to pick up, maintaining the "buy" rating of modern animal husbandry, with a target price of HK $1.05. According to the report, China Modern Animal Husbandry (CMD) continues to focus on efficiency improvement, with a per unit yield growth of 2.4% to 12.6 tons per year in the first half of 2023, while maintaining effective cost control (such as feed restructuring). The bank believes that with the support of continued efficiency improvement, the company's per unit output may reach 13 tons per year by the end of this year. The bank pointed out that with the recovery of milk production and increased demand for dairy products, the price trend of raw milk in China should stabilize in 2023. Organic milk also has strong growth potential, with the average selling price about 1 yuan / kg higher than other raw milk. In the long run, this could further increase the price premium of CMD to the industry.