A Chinese broker published a note arguing that the recent pullback in dairy farming stocks was driven by a rumor of September herd growth and slower-than-expected destocking, which the broker attributes to data volatility rather than active herd rebuilding.
The broker views the dairy stock pullback as a mispricing driven by temporary data noise, reiterates a bullish cycle call, and recommends Yurun, Modern Dairy, Yili, and New Hope Dairy.
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