On September 4, MUYUAN rose 3.41% in regular trading, trading at HKD 37.44/share, with turnover of HKD 21.23 million.

The rally was driven by multiple positive catalysts. FIDELITY FUNDS increased its holding by 205,800 H-shares on August 31 at an average price of approximately HKD 35.72 per share, lifting its stake to 6.0% and crossing the disclosure threshold. Simultaneously, the company has been actively repurchasing H-shares, buying back approximately 576,200 shares from September 1 to 3 at a total cost of around HKD 20.89 million, with cumulative buybacks since August exceeding 850,000 shares under a shareholder-approved authorization of up to 31.02 million shares.

On the industry front, national live hog prices rose from approximately RMB 10/kg at the start of August to RMB 11.13/kg, a gain of over 7.5% during the month, supported by improving pork consumption and seasonal demand. Several brokerages project further hog price recovery in the second half, with one noting that Q2 likely marked the trough for both pricing and profitability in the sector.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)