The global trends highlighted in the Nov ’15 trading update have persisted, with Genus reporting a negative impact on Genus ABS from weak dairy market conditions but a continued strong performance by Genus PIC supported by increased pig production in key markets incl. the USA. Trading in Genus Asia has continued to strengthen, improving trading conditions across the region including China. We retain a Hold recommendation on valuation grounds.
23 Feb 2016
H1’s: strong PIC performance but ABS impacted by weak dairy trends
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H1’s: strong PIC performance but ABS impacted by weak dairy trends
Genus plc (GNS:LON) | 1,724 -655.1 (-2.2%) | Mkt Cap: 1,138m
- Published:
23 Feb 2016 -
Author:
Dr Jens Lindqvist -
Pages:
3
The global trends highlighted in the Nov ’15 trading update have persisted, with Genus reporting a negative impact on Genus ABS from weak dairy market conditions but a continued strong performance by Genus PIC supported by increased pig production in key markets incl. the USA. Trading in Genus Asia has continued to strengthen, improving trading conditions across the region including China. We retain a Hold recommendation on valuation grounds.