Cofco Meat Holdings 1610

Re: Cofco Meat Holdings 1610

Postby winston » Mon Oct 28, 2019 12:04 pm

not vested

COFCO MEAT(1610)

Analysis:

COFCO Meat`s business includes feed production, pig breeding, slaughtering, production and distribution of fresh pork and meat products, and import and sale of frozen meat products.

The company is one of the first companies in China to adopt large-scale pig farming. In the recently released CPI index data, pork prices rose by 69.3% year-on-year in September.

COFCO Meat released the 2019Q3 Operational Express:
1. Live pig production was 265,000 heads, down 60.4% year-on-year
2. Fresh pork sales were 35,000 tons, down 28.1% year-on-year.

Although the amount of live pigs fell sharply, in the third quarter of 2019, the company`s average price of commercial pigs was 22.22 yuan / kg, much higher than the company`s average pork price of 11.41 yuan / kg in the first quarter of this year and the average price of pork in the second quarter of 13.9 yuan. /kg.

It is expected that the performance of the company in the third quarter will be significantly better than the first half.

Strategy:
Buy-in Price: $2.80, Target Price: $3.60, Cut Loss Price: $2.30

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cofco Meat Holdings 1610

Postby winston » Fri Nov 22, 2019 11:25 am

not vested

COFCO MEAT(1610)

Analysis:

COFCO Meat`s business includes feed production, pig breeding, slaughtering, production and distribution of fresh pork and meat products, and import and sale of frozen meat products.

The company is one of the first companies in China to adopt large-scale pig farming.

In the recently released CPI index data, pork prices rose by 69.3% year-on-year in September.

COFCO Meat released the 2019Q3 Operational Express:
1. Live pig production was 265,000 heads, down 60.4% year-on-year
2. Fresh pork sales were 35,000 tons, down 28.1% year-on-year

Although the amount of live pigs fell sharply, in the third quarter of 2019, the company`s average price of commercial pigs was 22.22 yuan / kg, much higher than the company`s average pork price of 11.41 yuan / kg in the first quarter of this year and the average price of pork in the second quarter of 13.9 yuan. /kg.

It is expected that the performance of the company in the third quarter will be significantly better than the first half.

Strategy:
Buy-in Price: $2.55, Target Price: $3.50, Cut Loss Price: $2.20

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cofco Meat Holdings 1610

Postby winston » Fri Nov 22, 2019 11:58 am

not vested

Aug 23, 2018

Hog price a drag while volume grows

1H18 net profit declined 95% y-o-y on weak hog prices, in-line

Hog production volume grew 25% to 1.26m

Expect 2H to see sequential improvement but oversupply situation likely to persist; reiterate
HOLD with unchanged TP HK$1.07

Source: DBS

https://researchwise.dbsvresearch.com/R ... VyaWRAQA==
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cofco Meat Holdings 1610

Postby winston » Tue Dec 03, 2019 1:18 pm

vested

COFCO MEAT(1610)

Analysis:

COFCO Meat`s business includes feed production, pig breeding, slaughtering, production and distribution of fresh pork and meat products, and import and sale of frozen meat products.

The company is one of the first companies in China to adopt large-scale pig farming.

COFCO Meat released the 2019Q3 Operational Express:
1. Live pig production was 265,000 heads, down 60.4% year-on-year
2. Fresh pork sales were 35,000 tons, down 28.1% year-on-year.

Although the amount of live pigs fell sharply, in the third quarter of 2019, the company`s average price of commercial pigs was 22.22 yuan / kg, much higher than the company`s average pork price of 11.41 yuan / kg in the first quarter of this year and the average price of pork in the second quarter of 13.9 yuan. /kg.

It is expected that the performance of the company in the third quarter will be significantly better than the first half.

Strategy:
Buy-in Price: $2.40, Target Price: $3.50, Cut Loss Price: $1.80

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cofco Meat Holdings 1610

Postby winston » Tue Dec 31, 2019 3:44 pm

vested

COFCO MEAT(1610)

Analysis:

COFCO Meat`s business includes feed production, pig breeding, slaughtering, production and distribution of fresh pork and meat products, and import and sale of frozen meat products.

The company is one of the first companies in China to adopt large-scale pig farming.

COFCO Meat released the 2019Q3 Operational Express:
1. live pig production was 265,000 heads, down 60.4% year-on-year;
2. fresh pork sales were 35,000 tons, down 28.1% year-on-year.

Although the amount of live pigs fell sharply, in the third quarter of 2019, the company`s average price of commercial pigs was 22.22 yuan / kg, much higher than the company`s average pork price of 11.41 yuan / kg in the first quarter of this year and the average price of pork in the second quarter of 13.9 yuan. /kg.

It is expected that the performance of the company in the third quarter will be significantly better than the first half.

Strategy:
Buy-in Price: $2.00, Target Price: $3.00, Cut Loss Price: $1.40

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cofco Meat Holdings 1610

Postby winston » Mon Jan 13, 2020 9:37 am

vested

COFCO MEAT (01610.HK) 2019 Pork Sales -23.3%; Average Price +39.8%

2020/01/12

COFCO MEAT (01610.HK) announced that 2019 pork sales volume was 146,000 tonnes, down 23.3% yearly; average price for finishing hogs was RMB16.16/kg, up 39.8% yearly.

Source: AAstocks.com
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cofco Meat Holdings 1610

Postby winston » Fri Apr 24, 2020 10:54 am

not vested

COFCO MEAT(1610)

Analysis:

COFCO Meat (1610.HK) has actively promoted its brand-named pork in recent years to cope with the growth of China`s high-consuming population.

FY19 revenue was 11.079 billion RMB, which continue its growth for consecutive years.

The company also recover from the effect of the African swine fever virus in 2018, reported a net profit of 1.574 billion RMB, and the earnings per share were 40 cents RMB, a five-year high.

Although the company`s fresh pork business was affected by the epidemic in the first quarter of this year, sales fell 49% YoY.

Still, in the first quarter, the group`s average commodity pig price was RMB 35.04 / kg, up 6.8% QoQ, and accelerate 207.1% YoY.

Branded pork revenue also up 14% YoY.

At the same time, according to the National Bureau of Statistics of China, the price index for hog production in the first quarter of this year was 233.2, reflecting that there was no improvement in the tight supply situation in China.

Even if the hog production capacity in the first quarter was improved, it is expected that the situation will continue in the first half of the year.

Coupled with more upcoming holidays and festivals in the second half of the year, and with the recovery of China`s domestic demand and logistics system to boost consumption, food demand will continue to increase in China.

Strategy:
Buy-in Price: $2.60, Target Price: $3.00, Cut Loss Price: $2.40

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cofco Meat Holdings 1610

Postby winston » Wed May 20, 2020 2:21 pm

COMPANY PROFILE

COFCO Meat Holdings Limited is an investment holding company.

The Company, along with its subsidiaries, is principally engaged in the pork business and the international trading business.

The Company mainly operates through four segments:-
1. Hog Production segment is engaged in the sales of live hogs.
2. Fresh Pork segment is engaged in the sales of fresh chilled and frozen pork products.
3. Processed Meat Products segment includes sales of processed meat products.
4. International Trading segment includes sales of imported frozen meat products, such as pork, beef, mutton, lamb and poultry.

The Company distributes its products to distributors, wholesalers, hypermarkets, supermarkets, food processors, restaurants, as well as canteens, among others.
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Re: Cofco Meat Holdings 1610

Postby winston » Fri Jun 05, 2020 10:11 am

not vested

COFCO MEAT(1610)

Analysis:

The main businesses of COFCO Meat Holdings (1610) include feed production, hog production, slaughtering and cutting, production, distribution and sale of fresh pork and processed meat products, import and distribution of meat products (including pork, beef, poultry and mutton).

The Group has established modern hog production bases and in-house feed mills in provinces and cities including Jilin, Inner Mongolia, Tianjin, Hebei, Henan, Jiangsu and Hubei.

By the end of 2019, it had reached a total hog production capacity of 5,024 thousand heads was reached, representing an increase of 936 thousand heads compared with the beginning of the year.

The Group owns two modern slaughtering and processing bases in Jiangsu and Hubei, and is building a new slaughtering and processing base in Hubei.

Going forward, it will continue to proceed with building the slaughtering capacity layout in Northeast and North China. (I do not hold the above stock)

Strategy:
Buy-in Price: $2.30, Target Price: $2.60, Cut Loss Price: $2.15

Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
User avatar
winston
Billionaire Boss
 
Posts: 118528
Joined: Wed May 07, 2008 9:28 am

Previous

Return to C

Who is online

Users browsing this forum: No registered users and 10 guests

cron