Gelonghui, May 7 | According to GF Securities Research Report, the sales volume of Muyuan Co., Ltd. (002714.SZ) remained stable in April, accounting for 19.3% of piglet sales. Since 23 years, sow stocks have continued to degrade, and production capacity gaps may gradually become apparent. By the end of the first quarter, the Bureau of Statistics announced that the number of active sows in the country was about 39.92 million, down 7.3% from the previous year; the number of pigs kept was 408.5 million, down 5.2% year on year, down 5.9% from quarter to quarter, and the level of storage was at its lowest level in 21 years. With subsequent capacity removal effects and seasonal recovery in demand, pig prices are expected to trend upward in the 2nd quarter. Focus on the catalytic effects of factors such as future pig prices and corporate profits exceeding expectations. The bank maintained its judgment that the company had a reasonable value of 50.06 yuan/share, corresponding to the 24-year PE valuation 21 times, and maintained a “buy” rating.
研报掘金丨广发证券：牧原股份4月出栏量保持稳定，维持“买入”评级
Research Report Nuggets丨GF Securities: Muyuan Co., Ltd. maintained a stable listing volume in April, maintaining a “buy” rating
The translation is provided by third-party software.
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.