Hana Securities kept its Buy rating and 370,000-won target price for CJ CheilJedang, forecasting year-on-year profit declines in the third and fourth quarters. The firm expects operating profit to recover next year and reports plans to sell its starch and sweetener business and three China feed subsidiaries, plus a joint venture with ADM in amino acid production.
The planned sale of China feed units and the ADM amino acid joint venture could reshape amino acid supply over time, but the effect on feed commodity prices is limited in the near term.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.