Pork high & china easing Legged in again @ 30One way |
China Pork prices still running 20pc higher than noted in interim in SeptOne way bet with China moving Added at 30 |
ft leads with article on soaring pork prices in china |
 I was interested to read Citywire's take of the recent Peel Hunt note
quote
Peel Hunt upgrades underappreciated Genus
Peel Hunt has upgraded Genus (GNS), which manufactures biotech and genetics products for cattle and pig farmers, after saying it is ‘back on the front foot’.
Analyst Charles Hall upgraded his recommendation from ‘hold’ to ‘buy’ but retained his target price of £45 on the stock, which shot up 16.7% to close at £27.98 on Thursday after a trading update.
Full-year 2022 was a challenging year for the group, with sharp declines in its China business as pork prices slumped, combining with pressure on producers from soaring input costs.
‘The outlook in China porcine now looks more encouraging, helped by the reduction in the sow herd and rising hog prices,’ said Hall.
‘Furthermore, commodity prices are adjusting to reflect the higher input costs.’
Despite ‘strong underlying performance, improved visibility in China, and currency benefit’, the shares have ‘materially derated and there is effectively nothing in the valuation for the significant potential in gene editing, which is on track for commercialisation in full-year 2024’.
Hall added ‘there is little doubt of the direction of travel for revenue prospects’ and there is ‘good cost management in place against the inflationary backdrop’.
unquote |
News due on disease resistant pigs? Suddenly caught a bid... |
Shanghai lockdowns ending Wednesday, lowest number of Covid in 3 monthscontinue to add on favourable news and drift up |
Can you expand, the white house please, on what China news you are referring to.
Thanks |
China news helpingadding as we rise given substantial US progress noted |
Out @ 50back in high 23What could go wrong' |
Interesting company. Does anyone know if there's any broker research available? |
Gotta LOVE the very strong performance etc headline, In CAPITALS, in the results, 5 days before the 2 main players shift 1 million pounds worth each |
Uk to allow gene edited pigs by year end. |
Blip in road for 22. I still see a mountain of opportunities here |
Outlook a bit depressing |
Marvellous chart share price ath. |
Chinese govt stock piling pork - should help. Pork price rallying hard. Lots and lots to like in this stock - valuation is high but that is for good reason imo. |
pigs resistant and nobody seems to care in share price terms - go figure. this surely has to be $500m+ revenue opportunity in 3 to 4 years out?? |
The line....1st high very strong growth, but 2nd half will be lower growth....was not agreeable. Strangely no explanation for slowdown in growth as World is improving nor if this is temporary or not? Leaves Q's unanswered |
travel and arrive. results were good. fx was blamed. one to own 10 years plus so should be irrelevant. |
What's gone on here? thought the results looked good ? |
Marvellous updateStrong growth esp in China notedAdded @ 44One way bet |
£45 tomorrow.🚀 |
CNBC reporting that Chinese companies have at least once been turned down recently from buying US fertility clinics/firms |
GBP 7.5m sale now gone through, signs of being freed from anchor |
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