Kaiyuan securities released a research report on April 16, saying that it maintained the buying rating of Wens Foodstuff Group Co.Ltd(300498) ( Wens Foodstuff Group Co.Ltd(300498) .sz, latest price: 21.44 yuan). The reasons for rating mainly include: 1) the marginal improvement of pig breeding efficiency is obvious, and the continuous cost reduction and efficiency increase meet the cycle reversal; 2) The cost of poultry breeding has decreased, the effect of transformation slaughter is obvious, and the proportion of fresh and cooked food is expected to maintain a high growth rate; 3) The company has abundant capital reserves and less cash flow pressure at the bottom of the cycle. Risk tips: rising prices of feed raw materials, breeding epidemic risk, etc.
AI comments: Wens Foodstuff Group Co.Ltd(300498) in the past month, it has received five research reports from securities companies and bought five. The average target price is 38.5 yuan, 17.06 yuan higher than the latest price of 21.44 yuan, and the average target price increased by 79.57%.
