Livestock and poultry chain: the reversal of pig cycle is ready to accelerate, and the reversal time point at the bottom of white chicken cycle is approaching.
1) pigs: we believe that 2022 is the best stage to lay out the pig sector in advance, and the pig cycle in 2023 will probably reverse the market. It is expected that the price of sows will be further reversed in the first half of 2022, and the price of raw materials is expected to continue to rise with the further reversal of the pig breeding cycle. 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: Zhejiang Huatong Meat Products Co.Ltd(002840) , Fujian Aonong Biological Technology Group Incorporation Limited(603363) , Leshan Giantstar Farming&Husbandry Corporation Limited(603477) , Tecon Biology Co.Ltd(002100) , Dongrui Food Group Co.Ltd(001201) , COFCO Jiakang, Muyuan Foods Co.Ltd(002714) , Wens Foodstuff Group Co.Ltd(300498) , 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 time point of the reversal of the bottom of the cycle may be approaching, and all breeding links such as chicken seedlings and commercial chickens are in a deep loss state. It is expected that the trend of capacity elimination is expected to accelerate. 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 March 2022: the agricultural sector outperformed the market by a large margin, and the livestock and poultry breeding sector performed well.
In March, the SW agriculture, forestry, animal husbandry and fishery index rose by 2.9%, the Shanghai and Shenzhen 300 index fell by 7.8%, and the sector outperformed the market by 10.7%. The top five stocks in terms of growth were Zhongnongfa Seed Industry Group Co.Ltd(600313) , Hainan Jingliang Holdings Co.Ltd(000505) , Fujian Wanchen Biotechnology Co.Ltd(300972) , Fujian Tianma Science And Technology Group Co.Ltd(603668) , Fujian Aonong Biological Technology Group Incorporation Limited(603363) , with growth rates of 61.21% / 59.66% / 40.03% / 39.55% / 36.78% respectively
Investment suggestion: optimistic about the breeding sector and seed industry from top to bottom. Among the 1) recommendations for pig breeding, among which 1) recommendations for pig breeding include: the Hongda Xingye Co.Ltd(002002) 840 (a) the; 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.
