Ping An Securities: focus on food companies with clear long-term logic and good competition pattern

On January 18, Ping An Securities released a research report that it focused on food companies with clear long-term logic and good competition pattern.

Ping An Securities believes that currently Angel Yeast Co.Ltd(600298) , Foshan Haitian Flavouring And Food Company Ltd(603288) , Li Jinji, Jiangsu Hengshun Vinegar-Industry Co.Ltd(600305) and other companies have issued price increase announcements to adjust the ex factory prices of some products to a certain extent, and it is expected that other companies will follow up one after another. From the perspective of historical recovery, industries and companies that can be smoothly transmitted to the downstream after the price increase and have improved profitability can usher in the secondary rise in share prices after the price increase. It is suggested to pay attention to food industries and companies with long-term logic and good competition pattern, such as beer and condiments.

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