Hong Kong stock movement: CONGYU INTE AGR surged 23.17%
CONGYU INTE AGR surged 23.17%; Youran Dairy rose 4.29%, with a transaction volume of HKD 33.57 million; Modern Dairy increased by 1.69%, with a transaction volume of HKD 10.31 million; Da Cheng Bio-Tech fell 5.88%, with a transaction volume of HKD 1.97 million; China Shengmu increased by 4.48%, with a market value of HKD 2.933 billion
Hong Kong Stock Movement
Stocks with High Trading Volume in the Industry
YouRan Agriculture rose by 4.29%. According to recent important news:
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On October 13, CITIC Construction Investment Securities pointed out that YouRan Agriculture is experiencing a seasonal recovery in demand and the impact of heat stress on dairy cows, leading to a slowdown in the reduction of dairy cow inventory, which has driven up the stock price. The trading volume reached HKD 82.6843 million. Source: Zhitong Finance
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On October 15, Guoyuan International released a research report stating that YouRan Agriculture, as the largest raw milk supplier in China, will benefit from the reversal of the milk price cycle, with significant expected growth in future performance. Source: Jinwu Financial News
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On October 13, Guosheng Securities believed that the milk price is entering the end of the downward cycle, with accelerated inventory reduction and stabilization of milk price fluctuations, which is favorable for the profit recovery of agricultural companies. Source: Zhitong Finance. The reversal of the milk price cycle benefits agricultural companies.
Modern Farming rose by 1.69%. According to recent important news:
- On October 14, a certain institution initiated coverage of Modern Farming with an "Outperform" rating, expecting the company's net profit to grow significantly over the next three years, with EPS also gradually increasing. The institution believes that the reasonable valuation of the company's stock has about a 39-45% premium compared to the current stock price, driving the stock price up; the Hong Kong stock market has been quite volatile recently, and risks need to be monitored
