HKG:2419

Dekon Food and Agriculture Completes $100 Million Convertible Bond Offering

Dekon Food and Agriculture Group (HKG:2419) completed the issuance of $100 million zero-coupon convertible bonds due 2027 on Aug. 4, according to a same-day Hong Kong bourse filing.The bonds were listed on the Vienna MTF operated by the Vienna Stock Exchange. The Hong Kong Stock Exchange also approved the listing of up to 14.5 million H shares issuable upon conversion at an initial conversion price of HK$54.08 per share.The bonds were subscribed by three independent investors, Enhanced Investment Products, Nomura International and Oasis Investments II Master Fund.Dekon plans to use the net proceeds to repay certain bank borrowings and fund purchases of feed, feed ingredients, veterinary medicines, vaccines and other production inputs.

Dekon Food Sells 1 Million Market Hog Heads in June

Dekon Food and Agriculture (HKG:2419) sold a little over 1 million heads of market hogs in June with a total sales revenue of 1.3 billion yuan, according to a Thursday Hong Kong bourse filing.The average selling price of market hogs for the month was 9.63 yuan per kilogram, up 2.2% from the previous month.The livestock company's revenue from the sale of a little over 5.8 million yellow-feathered broilers stood at 195.1 million yuan in the month, with an average selling price of 14.30 yuan per kilogram.For the first five months of 2026, market hog head sales reached over 5.9 million with a revenue of 8.18 billion yuan, while the company reported revenue of 1.24 billion yuan from the sale of 34.7 million broilers.

Dekon Food and Agriculture Warns of Swing to H1 Loss

Dekon Food and Agriculture (HKG:2419) expects a net loss of between 1.2 billion yuan and 1.4 billion yuan for the six months ended June 30, compared with a net profit of 1.23 billion yuan a year prior.The livestock company attributed the forecast mainly to a downturn in the hog market, a drop in the selling price of hogs, pressure on the gross profit of its hog breeding business, and a gross loss, according to a Wednesday Hong Kong bourse filing.

Dekon Food Sells 1.1 Million Heads of Market Hogs in May

Dekon Food and Agriculture (HKG:2419) sold nearly 1.1 million heads of market hogs in May with a total sales revenue of 1.38 billion yuan, according to a Tuesday Hong Kong bourse filing.The average selling price of market hogs for the month was 9.42 yuan per kilogram, up 2.2% from the previous month.The livestock company's revenue from the sale of a little over 5.5 million yellow-feathered broilers stood at 186.1 million yuan in the month, with an average selling price of 14.45 yuan per kilogram.For the first five months of 2026, market hog head sales reached over 4.9 million with a revenue of 6.9 billion yuan, while the company reported revenue of 1.04 billion yuan from the sale of 28.9 million broilers.

Huatai Research Starts Dekon Food and Agriculture Group at Buy with HK$105.40 Price Target