DEKON AGR Shares Surge Over 10% in Two Days Amid Active Stock Buybacks

Deep News
Apr 14

DEKON AGR (02419) extended its gains for a second consecutive day, with a cumulative increase of over 10%. At the time of writing, the stock was up 6.24%, trading at HKD 74.10, with a turnover of HKD 101 million.

The company announced that on April 13, it spent HKD 234,000 to repurchase 3,500 shares. Notably, since late March, DEKON AGR has been actively buying back its shares. From March 26 to date, the company has conducted repurchases on 10 separate days, totaling 1.1899 million shares, with a cumulative repurchase amount of HKD 77.548 million.

In other news, China's National Development and Reform Commission, Ministry of Commerce, and Ministry of Finance recently announced the launch of the second batch of central frozen pork reserve purchases for 2026, requiring local governments to implement the measure simultaneously. This move is seen as a clear signal of government support to stabilize pork prices.

A GF Securities research report noted that deep industry losses, combined with policy adjustments and epidemic-related disruptions, may lead to a rapid and effective reduction in production capacity, with a new industry cycle gradually taking shape. Currently, sector valuations are relatively low, making leading companies with cost advantages, such as DEKON AGR, attractive investment targets.

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