The Zhitong Finance App learned that COFCO Jiajiakang (01610) rose more than 6%. As of press release, it had risen 5.1% to HK$2.06, with a turnover of HK$31.0359 million.

According to news, on May 20, pig prices in most parts of the country had already risen to more than 8 yuan, the highest price rose to 8.3 yuan, and the lowest price rose to 7.3 yuan. CICC pointed out that expectations for a reversal of the pig cycle have strengthened, the sector has entered a layout period, and low-cost, highly flexible pig companies will benefit first. From a cyclical perspective, judging that pig prices from 2Q24 to the end of the year have a quarterly upward basis. From an enterprise perspective, it is judged that the current financial pressure on pig companies has reached an extreme historical value, and the period of increase in pig prices is a critical window for balance sheet repair.

Makihara Co., Ltd. recently stated at a performance briefing that the company maintains a cautious and optimistic attitude towards this year's pig prices, and the overall price performance is expected to be better than last year. On the supply side, the current industry's ability to breed sows has fallen to a reasonable range, and the supply of pigs in 2024 is expected to be lower than last year; on the demand side, demand is expected to rise to a certain extent in 2024 as the economy stabilizes and improves.