China Yurun leads rise in HK-listed pork producers on supply concern

China Yurun Food

12/03/2019 06:34

** China Yurun Food Group Ltd  1068.HK  lead gains in Hong
Kong-listed pork producers' shares, with the stock rising as
much as 22.3 pct to HK$2.58
    ** Stock hits highest since August 2015 on concerns over
tightening pork supplies as swine fever is still spreading
    ** Chinese hog prices hit their highest in 14 months on
Monday and look set to keep rising after weeks of gains,
analysts and producers said, as the worst disease outbreak to
hit the country's vast pig herd in years chops supply
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    ** Stock of COFCO Meat Holdings  1610.HK  soars 10 pct to
the all-time high at HK$3.19, and WH Group  0288.HK  surges 7.6
pct to HK$7.82, the highest in two weeks
    ** In China, shares in leading pig farming companies
continued to rise on Tuesday, as investors bet on tightening
pork supplies and strong government support for leading
producers. They have been surging in the past months
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    ** Top farmer Wens Foodstuff Group  300498.SZ  rose 6.3 pct,
and Tech-bank Food  002124.SZ  soared 10 pct
    ** The Hang Seng China enterprises index  .HSCE  rises 1.5
pct, while the benchmark index  .HSI  climbs 1.1 pct 

 (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)