HK Stock Market Move | Dairy stocks rise: CH MODERN D(01117) surges over 4% and YOURAN DAIRY(09858) rises nearly 3%

The dairy sector is on the rise. As of the time of writing, CH MODERN D (01117) rose by 4.14% to 1.51 Hong Kong dollars; YOURAN DAIRY (09858) rose by 2.94% to 4.91 Hong Kong dollars. On the news front, on December 22, the Ministry of Commerce issued a preliminary ruling on the anti-subsidy investigation of imported dairy products from the European Union, deciding to implement temporary anti-subsidy measures. Caitong believes that with domestic raw milk overcapacity and milk prices at a low point in the cycle, the price advantage of imported dairy products is diminishing. The domestic deep processing capacity layout has come to a window of opportunity, with many dairy companies and related enterprises starting to concentrate on investing in or expanding their deep processing capacity. The implementation of anti-subsidy measures will further consolidate the price advantage of domestic products, accelerate the replacement process of domestic deep processing, and provide incremental demand for raw milk, benefiting upstream pastures. It is recommended to pay attention to: YOURAN DAIRY, CH MODERN D.