On September 21, MUYUAN rose 3.12% in regular trading, trading at HK$38.36/share, with turnover of HK$40.69 million.

On the news front, multiple institutions recently issued bullish calls on an approaching pig cycle inflection point. Citic Securities noted that hog prices in H2 are expected to remain near cost levels, while accelerating sow culling should set the stage for a price recovery in 2027. Guosen Securities echoed this view, projecting hog prices to stabilize and enter a new upcycle next year.

At the company level, MUYUAN has conducted H-share buybacks on nearly every trading day in September, cumulatively repurchasing over one million shares, underscoring management confidence in the company's intrinsic value. Meanwhile, JPMorgan recently added approximately 805,900 shares at an average price of around HK$37.98, lifting its long position to 9.21%. The company also plans to reduce its breeding sow herd to below three million heads by end of September, positioning its cost advantage to translate into significant earnings elasticity once hog prices recover.

(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.)