China Animal Husbandry Gains Most in 7 Months on Shenyin & Wanguo Estimate
China Animal Husbandry Industry Co. jumped 9.8 percent to 27.50 yuan as of 1:49 p.m. local time in Shanghai trading, set for the biggest gain since Nov. 2.
The company’s earnings forecast for this year was raised 41 percent to 0.99 yuan a share by Shenyin & Wanguo Securities Co. analyst Zhao Jinhou, who said in a today’s report revenue from sales vaccines for foot-and-mouth disease will increase “by a large margin.”
The earnings forecasts for 2011 and 2012 were increased by 48 percent and 32 percent respectively, according to today’s report. Shenyin & Wanguo set a share-price estimate of 37 yuan.