Price recovery
Upgrade to HOLD as we expect live hog prices have bottomed out, and should stabilise in FY22F
Expect production volume to grow 15% in FY22F
New TP at HK$3.4/sh
Upgrade to HOLD as we expect live hog prices have bottomed out, and should stabilise in FY22F
Expect production volume to grow 15% in FY22F
New TP at HK$3.4/sh