Food, beverage firms stand out in A-share market

As many as 322 firms out of the 851 A-share listed enterprises expect to see an improved performance in the first half 2012, according to their released performance forecasts.

Besides, 152 firms are expected to profit, 17 said they would turn deficits into profit, reported China Securities Journal on Thursday.

Food and beverage firms are outstanding in the market, eleven firms in the industry announced that they expect to grow, accounting for 58 percent of the total 19 food and beverage companies listed in the A-share market.

Henan Shuanghui Investment & Development Co Ltd，China's largest meat processor, is expected to achieve 380 million to 418 million yuan in net profit with a year-on-year increase of 400 percent to 450 percent.

Liquor producers have continued with their good performance. Jiangsu Yanghe Brewery Joint-Stock Co Ltd, Qinghai Huzhu Barley Wine Co Ltd and Sichuan Tuopai Shede Wine Co Ltd all expect to see a substantial growth in the first half of 2012, said the report.