猪肉概念股多股走高 中粮家佳康(01610)涨3.81% 机构指板块目前景气度底部企稳

金吾财讯
Jul 13

金吾财讯 | 港股猪肉概念股多股走高,截至发稿,中粮家佳康(01610)涨3.81%,德康农牧(02419)涨1.78%,万洲国际(00288)涨1.51%,牧原股份(02714)涨1.11%。消息面上,国信证券研究认为,官方产能调控将加速头部企业现金流快速好转,并有望转型为红利标的,在全行业产能收缩的背景下,龙头的成本优势有望明显提高,强者恒强。国金证券研究亦指,目前生猪价格仍在低位震荡,整体来看供给端压力或使得价格仍有下跌空间。从供给端角度来看,出栏均重小幅下降,行业出栏相对积极。从供给端角度来看,季节性供给量或有所减少,但是总量依旧偏大,短时生猪供给压力犹存。政策端主动去产能或持续推进,同时板块的持续亏损利好板块去产能逻辑和明年猪价上涨。短期来看,生猪价格仍有下降空间,近期行业产能在政策调控和供给压力下已经有所减少,同时行业价格已经跌破完全成本线,预计整体亏损下行业产能去化,目前板块景气度底部企稳。中长期来看,生猪养殖行业依旧有较为优秀的中枢利润,且非洲猪瘟之后行业的快速扩张中,仍有大量企业是低质量扩充产能,行业成本方差依旧巨大,头部企业有充足的超额利润释放,建议优选低成本的优质企业。

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