You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
研報掘金丨方正證券:牧原股份業績超預期,維持“推薦”評級

方正證券研報指出,牧原股份預計2025H1實現淨利潤105~110億元,同比+925%~+973%;歸母淨利潤102~107億元,同比+1130%~+1190%,業績超預期。受益於出欄量的同比增長以及養殖成本的持續優化,2025H1公司業績實現較大幅度提升,預期下半年價格優於前期悲觀預期,看好公司全年盈利表現。截至H1 末能繁母豬存欄343.1萬頭,較Q1末減少約5.4萬頭。當前出欄量較全年7200-7800萬頭商品豬出欄目標完成度約49%-53%,整體節奏較爲穩定,預期全年可實現目標值。認爲當前行業整體供給處於合理區間,且政策調控較爲明確,未來中長期生豬價格表現或優於前期市場悲觀預期。維持“推薦”評級。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account