Food And Beverage

Three snapshots

While margins at processed meat processors Delisi and Shanghai Dajiang are struggling under rising raw meat and pig prices, Zhangzidao Fishery is benefitting from demand for its upscale seafood.

Wuhan Zhongbai (000759:SZ)

Although Zhongbai continues to struggle outside of its home Hubei, inflation should support sound revenue growth in 2010.

Food inflation: Winners and Losers

Inflation in the price of many farm products is no small deal in a country with 721m rural citizens.

Yurun (1068:HKG)

The meat processor's mix of both low and high-end products gives the company more leverage to defend against pork inflation.

Wumart (8277:HKG)

The supermarket chain expects mild food inflation to bolster revenues.

Sanquan Foods (002216:SZ)

The frozen-food manufacturer may see profits eroded by rising raw material costs.

Tingyi (0322:HKG)

Tingyi's recent success with beverages may help offset margin declines seen currently in its noodle business.

Zhongpin (HOGS:Nasdaq)

The fresh pork specialist is set to benefit from pig price inflation.

China slaughter plan seen helping listed meat companies

A new national-level plan to close down "backward" abattoir capacity over the next five years appears set to enhance the prospects of several listed meat processing companies. We think companies such as Zhongpin (HOGS:Nasdaq), Yurun (1068:HKG) and Henan Shuanghui (000895:SZ) may expand market share.

Retail sales: Divergent scenarios

The return of inflation and the reduced impact of stimulus measures introduced at the start of this year to boost sales may mean a different course for retail spending in 2010.

Latest Issue

04 March

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