Broker: Haid Group Sept Feed Volume Up 5%, In Line; Market Share Gains Seen

Bullish · $002311.SZ

What Happened

Haid Group's September feed sales volume rose 5% year-on-year, with poultry feed up 7%, pig feed up 5%, and aquaculture feed flat. Q3 volume growth was about 5%, matching expectations.

Bottom Line

Haid Group's September feed volumes met expectations, and its competitive moat should drive further market share expansion despite weak downstream prices.

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