Eco Animal Health Share Discussion Threads

[pugugly] 22/3/2023 18:28

Cerrito: - Why - Totally different products and different markets - Cannot see any connections. However China now BIG friend of Putin. Increased political risks?

[wad collector] 22/3/2023 16:56

Those Chinese pig farms are enormous. Obviously pretty inhumane too , but perhaps no different to the American ones only difference is that they are high rise not bungalows.

[aimingupward2] 06/3/2023 14:56

Looks like it's setting off on another leg upwards, which is encouraging.

[topvest] 25/2/2023 17:11

Looks positive here. I'm looking to a much better FY24. Eventually, the Chinese pig market will shoot the lights out from a multi-year low. May be later on this year, or may take longer...but, it will eventually happen!

[cerrito] 24/2/2023 22:02

No real surprise to read in yesterday 's interims of GNS that they regard conditions in the Chinese porcine market as volatile.

[waldron] 10/2/2023 11:10

The WORLD according to STOXLINE

Targets Six months: 125.72 One year: 140.16

Supports Support1: 87.63 Support2: 72.90

Resistances Resistance1: 107.63 Resistance2: 120.00

[grupo] 10/2/2023 10:25

RESISTENCE AT 101 THEN IF BREAKS A SUBSTANTIAL GAP OR MELT UP



IF NOT COULD CONSOLIDATE LOWER

[spooky] 10/2/2023 10:17

Nice move higher again today but the seller is still there in the background. Probably the remainder of the Danske position but this short term noise isn't really that relevant. The undervaluation is likely to play out over a couple of years rather than weeks IMO. Will hopefully get an opportunity to add on the widely expected softer update, if and when it comes out in March.

[pugugly] 09/2/2023 11:39

Schroders buying - Interesting to see which is right!!!!!

[boonkoh] 09/2/2023 11:29

Good for Danske. Getting out before a potentially soft trading update to come.China pork prices still in the doldrums. USA latest report is falling volumes of pork demand, and softening of prices too.

[linton5] 09/2/2023 08:49

Danske bank only 2.7 % left to sell

[linton5] 09/2/2023 08:46

Schroeder’s taking another 3.2%interest very cheap I thought also things starting to pick up slowly again for EAH

[cerrito] 06/2/2023 10:04

From Rabobank's January Global Pork quarterly report.
They do not appear to have much clarity but at least EAH may be able to benefit from exports Brazil to China,
Quote
hina ‘a big question mark’
Rabobank is expecting volatility in China’s hog market through the first quarter of 2023, due to a short-term supply surge and weak demand stemming from high COVID infection rates after loosening of the country’s “zero-COVID221; policy.

“While we hold a bearish view about short-term performance, we are bullish about demand rebound once the COVID wave settles at a later stage and business is ‘back to normal,’”; the report said. “There might be pent-up demand via foodservice channels, but there is also a big question mark as to how strong this demand surge could be, given the macroeconomic challenges.”

China’s pork imports in 2022 declined by 45%, but imports are expected to increase slightly in 2023.

China is the primary destination for Brazilian pork exports, accounting for approximately 42% of total volume.

“As a result, Rabobank expects a 2% (year-over-year) lift in export volumes this year, although the situation in China regarding the control of COVID-19 could yet impact the import potential,” the report said.
unquote

[topvest] 02/2/2023 20:19

Agreed, but given pork is the mainstay of China that will surely change post pandemic. Rubbish Chinese results are already factored into the FY23 numbers and things were improving anyway on the last update. FY24 is more likely to get an upgrade than a downgrade in my view as China segment sales are down about 50% in FY23. That is unlikely to continue, so sales growth could explode at some point. Obviously, not quite yet but happy to wait.

[boonkoh] 02/2/2023 09:01

Saw this in the HY results announcement:"2023 contractual negotiations starting/ongoing - we are cautiously optimistic" What sort of relationship does EAH have with clients? Are prices and volumes set at once a year intervals? And we have not had an update how those negotiations have gone so far.

[boonkoh] 02/2/2023 08:49

Pork prices in China are barely profitable at the moment. Coupled with increase in all other costs of rearing, farmers still don't have enough margin to play with to pay for Aivlosin.

[topvest] 01/2/2023 20:02

Well it was up today. China should be great in the next financial year in my view, so a possible upgrade for next year is getting closer. Current financial year is one of transition really until China bounces.

[pugugly] 31/1/2023 12:13

Slowly falling on low volume - News leaking or just the high level of Covid in China with increased death rate.

[topvest] 21/1/2023 15:34

They issued an in-line trading update on 12 January 2022 I think tou will find.

[boonkoh] 16/1/2023 11:36

They issued a trading update (profit warning) around this time last year. Nothing yet so far...

[spooky] 13/1/2023 16:40

I'm in the 'timing is the key' camp with this one. Depending on your size it may be tricky getting it right. Long term they are far to cheap IMO. Hopefully go lower to offer an even better entry point.

[topvest] 13/1/2023 15:03

Well FY23 is going to be very poor for the China segment. However, FY23s record low sales in China (down c50%) only means FY24 could be due an even bigger bounce. This will probably multi-bag once this situation turns. Once China recovers from Covid-19 we are likely to see pork prices go through the roof!

[pugugly] 13/1/2023 12:37

Not looking good - So keeping powder dry.
"The average price of live hogs had fallen to CNY15.36 (USD2.27) per kilogram on Jan. 10, almost half the record high set in the middle of October of CNY28 (USD4.10) per kg, according to pork trading information site Soozhu.

While the average price of lean pork slumped 12.9 percent in the week ended Jan. 6 from the week before to CNY20.05 (USD2.97) per kg, according to the ministry. This was also a 0.9 percent year on year dip.

The hog-corn price ratio fell to 5.93:1 in the week ended Jan. 6, below the breakeven point of 6:1, meaning that pig breeders are now losing money, according to the latest monitoring data from the National Development and Reform Commission. The larger the ratio, the more profit for the pig farmers, but the smaller the figure, the less they are earning."

[cerrito] 10/1/2023 17:44

I have just checked the Chinese pig prices and they have been falling over recent weeks. Perhaps we will have a CNY rally but we are leaving it rather late.

[boonkoh] 09/1/2023 13:54

Still time for the read across. EAH and ANP have low investor followings, so will take time for indirect news to hit EAH. I expect a gradual decline over the next few days.Cases in China and consumer sentiment indicators look poor, and we're now only two weeks away from CNY. Looks like muted celebrations, Lower pork consumption, and a general price depression and glut to linger.