DEKON AGR Shares Surge Over 5% in Afternoon Trading Following Nine Consecutive Days of Share Buybacks

Stock News
04/13

DEKON AGR (02419) rose more than 5% in afternoon trading. At the time of writing, the stock was up 4.93%, reaching HK$70.2, with a turnover of HK$92.8464 million. On the news front, DEKON AGR repurchased 280,300 shares on April 10, amounting to HK$18.5983 million. Data shows that the company has conducted share repurchases for nine consecutive days since March 26, totaling 1.1864 million shares, with a cumulative repurchase amount of HK$77.314 million. Since the beginning of the year, the company has executed 32 repurchases, buying back a total of 1.879 million shares, amounting to approximately HK$125 million. Notably, DEKON AGR reported sales of 1.0059 million market hogs in March, generating revenue of RMB 1.382 billion from hog sales. In early April, the Ministry of Commerce, the National Development and Reform Commission, and the Ministry of Finance announced the initiation of central reserve frozen pork purchases. Prior to this, the National Development and Reform Commission, in collaboration with the Ministry of Agriculture and Rural Affairs, held two special meetings urging major breeding enterprises to strictly implement production capacity control measures and orderly reduce the inventory of breeding sows.

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