Livestock and poultry chain: the reversal of pig cycle is accelerating, and we are optimistic about the recovery of yellow chicken breeding profits.
1) live pigs: the Ministry of Agriculture announced that by the end of January 2022, the stock of fertile sows had been reduced by 0.9% month on month. It is expected that the stock of fertile sows may continue to be reduced with the decline of pig prices in the first half of 2022, which is expected to further catalyze the sector. 2022 is the best stage to lay out the pig sector in advance, and the probability of pig cycle in 2023 will realize the reversal of the market. At the same time, meat products benefit from the decline in pig prices, and the profit is expected to be further improved in 2022. Recommendations include: ‘ Zhejiang Huatong Meat Products Co.Ltd(002840) \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ etc; Attention: Henan Shuanghui Investment & Development Co.Ltd(000895) , Longda food, etc. 2) Yellow feather chicken: it is expected that the profit of yellow chicken breeding will improve in 2022. It is recommended that high-quality breeding targets: Jiangsu Lihua Animal Husbandry Co.Ltd(300761) , Hunan Xiangjia Animal Husbandry Company Limited(002982) , Wens Foodstuff Group Co.Ltd(300498) . 3) White feather chicken: the whole industrial chain is sinking towards food deep processing. It is suggested to pay attention to the bottom: Springsnow Food Group Co.Ltd(605567) , Fujian Sunner Development Co.Ltd(002299) , Shandong Yisheng Livestock & Poultry Breeding Co.Ltd(002458) , Shandong Xiantan Co.Ltd(002746) .
Planting chain: genetically modified products are landed as scheduled, and we are optimistic about the resonance between sector cycle and growth.
The conflict crisis between Russia and Ukraine intensifies or affects the local normal agricultural production and trade, or leads to the shortage of wheat, barley and other crops. It is optimistic that the food price boom will rise in 2022. As a post grain price cycle, the seed industry will be in the performance release channel in the next two years. In addition, the accelerated landing of GM will bring variety generation change to the industry, and we are optimistic about the resonance between the cycle and growth of the seed industry sector. Recommended Yuan Longping High-Tech Agriculture Co.Ltd(000998) , Shandong Denghai Seeds Co.Ltd(002041) , Beijing Dabeinong Technology Group Co.Ltd(002385) .
From bottom to top: fear the cycle, embrace growth, and layout Haida, muyuan and Yihai Kerry Arawana Holdings Co.Ltd(300999) .
In 2022, the central No. 1 document proposed to continue to comprehensively promote rural revitalization. Leading companies with excellent management, continuous learning and spontaneous motivation may benefit the most, and the market share is expected to accelerate. From bottom to top, recommend growth stocks Guangdong Haid Group Co.Limited(002311) , pig growth stocks Muyuan Foods Co.Ltd(002714) , and kitchen food leaders Yihai Kerry Arawana Holdings Co.Ltd(300999) .
Market situation in February 2022: the agricultural sector is stronger than the market, and the seed sector is adjusted in the short term.
In February, the SW agriculture, forestry, animal husbandry and fishery index rose 7.1%, the Shanghai and Shenzhen 300 index rose 2.2%, and the sector outperformed the market by 4.9%. The top five stocks with increase were Xinjiang Guannong Fruit & Antler Co.Ltd(600251) , Lontrue Co.Ltd(300175) , Dongrui Food Group Co.Ltd(001201) , Sdic Zhonglu Fruit Juice Co.Ltd(600962) , Hainan Jingliang Holdings Co.Ltd(000505) , with increase of 29.26% / 28.10% / 20.65% / 16.90% / 15.63% respectively.
Investment suggestion: optimistic about the breeding sector and seed industry from top to bottom. Among the 1) recommendations for pig farming, among which 1) among the 1) recommendations for pig farming: among the 1) recommendations for pig farming: the Hongda Xingye Co.Ltd(002002) 8400 \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ etc., it is suggested to pay attention to: Henan Shuanghui Investment & Development Co.Ltd(000895) , Longda food, etc; 2) Recommended by seed industry: Yuan Longping High-Tech Agriculture Co.Ltd(000998) , Shandong Denghai Seeds Co.Ltd(002041) , Beijing Dabeinong Technology Group Co.Ltd(002385) ; 3) Recommended for poultry sector: Jiangsu Lihua Animal Husbandry Co.Ltd(300761) , Hunan Xiangjia Animal Husbandry Company Limited(002982) ; It is suggested to pay attention to the targets of white chicken: Springsnow Food Group Co.Ltd(605567) , Fujian Sunner Development Co.Ltd(002299) , Shandong Yisheng Livestock & Poultry Breeding Co.Ltd(002458) , Shandong Xiantan Co.Ltd(002746) . Recommend high-quality growth stocks from bottom to top, with core recommendations: Guangdong Haid Group Co.Limited(002311) , Muyuan Foods Co.Ltd(002714) , Yihai Kerry Arawana Holdings Co.Ltd(300999) .
Risk tips: risks caused by bad weather; Potential risks caused by uncontrollable animal outbreaks.
