Zhongjin: Maintain a outperform rating on Dekang Agricultural and Animal Husbandry (02419.HK) and raise the target price to HK$66.

According to the Wise Finance APP, CICC released a research report stating that it maintains its profit forecast for Dekang Agriculture and Animal Husbandry (02419.HK), with the current stock price corresponding to a P/E ratio of 7.6/4.4 for 2025/2026. Considering the company's growth potential, the target price has been raised by 57% to 66 Hong Kong dollars, corresponding to a P/E ratio of 8.8/5.1 for 2025/2026, with a 15% upside potential from the current price. The rating of outperforming the industry is maintained. The bank stated that Dekang is pioneering a new paradigm for growth in the Chinese pig industry, and continues to fulfill the growth narrative of "light asset, low cost, high flexibility".