WH Group 0288

Re: WH Group 0288

Postby winston » Fri Oct 13, 2017 11:33 am

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<Research Report>M Stanley Believes WH GROUP (00288.HK) Share Price to Rise in 60 Days; Target at $9

Morgan Stanley, in its tactical idea report, believed that it is 70-80% likely to see the share price of WH GROUP (00288.HK) to rise in absolute terms over the next 60 days.

The broker rated Overweight with target price of $9.

Morgan Stanley said the share price of WH Group fell 8% in the past two days (while HSI stayed flat), reflecting market worries over downside risk to 2017 earnings with declining operating profit in the US business in 2H17.

Morgan Stanley said the worries are overdone, as the decline of US operations in 2H17 is cyclical against last year's high base.

The recovery of the group's China business in 2H17 can also offset the negative impact of the US business, thus kept the group's 2017/18 recurrent earnings growth of 4%/14% respectively.

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Fri Oct 13, 2017 1:06 pm

<Research Report>BofAML Lifts WH GROUP (00288.HK) Target to $9.3; Rated Buy

Bank of America Merrill Lynch, in its report, said the share price of WH GROUP (00288.HK) dropped 8% in the past two days, likely the reflection of a market over-reaction about the slowdown of the group's US business.

The broker said Smithfield's 2H17 performance may be subdued, especially in 4Q17 due to high comps. However, the broker expected the earnings growth in 3Q17 to be above 5%.

The broker kept the group's earnings forecast unchanged, with target price raised from $8.9 to $9.3, reiterating Buy, as the business recovery in China can offset the weak performance in the US, backing up the valuation.

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Mon Nov 27, 2017 8:07 am

China’s demand for imported pork to rise as Beijing closes small domestic producers

Hong Kong-listed WH Group says it expects to import more overseas pork owing to lower prices in the US and Europe

China consumes almost half of all pork produced globally each year, or about 31kg per person. Per capita consumption on the mainland is expected to rise above 33.4kg by 2024.


Shipments from US pork giant Smithfield have been increased from 70,000 tonnes three years ago to 300,000 tonnes last year. WH acquired Smithfield in 2013.


Chinese pork prices reached a high of 21 yuan per kilo (US$3.18) last year, but are expected to drop this year by “double digits” in percentage terms.


Source: SCMP

http://www.scmp.com/business/companies/ ... l-domestic
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Re: WH Group 0288

Postby winston » Mon Dec 04, 2017 3:29 pm

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<Research Report>BofAML: WH GROUP (00288.HK) To Benefit if U.S. Passes Tax Reform

In its report, Bank of America Merrill Lynch said the U.S. Senate had passed its tax reform bill, and that since the House had already passed its own bill in November, both chambers will have to negotiate their differences for the final plan.

Both the House and Senate bills will slash the U.S. corporate tax rate to 20% from 35%. Bank of America Merrill Lynch remained the view that WH GROUP (00288.HK) will be the main beneficiary whereas SAMSONITE (01910.HK) and Qingdao Haier may also enjoy benefits.

The target price of WH GROUP was raised by 6% to $9.9.

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Thu Dec 07, 2017 10:32 am

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WH GROUP(288)
Analysis:

WH GROUP is the world`s largest pork supplier, packaging meat products accounted for 76% of operating profit.

Hog prices have been depressed in recent years and its fresh meat business is expected to continue to benefit from the recovery in profit margin resulting from the widening price gap between live pigs and pork products.

The packaged meat business is expected to benefit from the improved profitability brought
about by the production of new products and lower and cost.

Strategy:
Buy-in Price: $8.29, Target Price: $10.00, Cut Loss Price: $7.43

Source: Phillips
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Re: WH Group 0288

Postby winston » Thu Dec 28, 2017 11:38 am

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WH GROUP(288)

Analysis:

WH GROUP is the world`s largest pork supplier, packaging meat products accounted for 76% of operating profit.

Hog prices have been depressed in recent years and its fresh meat business is expected to continue to benefit from the recovery in profit margin resulting from the widening price gap between live pigs and pork products.

The packaged meat business is expected to benefit from the improved profitability brought about by the production of new products and lower and cost.

Strategy:

Buy-in Price: $8.93, Target Price: $10.00, Cut Loss Price: $8.39

Source: Phillips
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Re: WH Group 0288

Postby winston » Wed Apr 25, 2018 10:22 am

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<Blue Chip Results>WH GROUP(00288.HK) 1Q Net Profit US$249M, Up 22.1%

WH GROUP(00288.HK) announced first quarter results ended March 2018.

The turnover rose 5.7% yearly to US$5.62 billion.

The net profit amounted to US$249 million, up 22.1% year on year.

EPS was US$1.7 cents.

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Wed Apr 25, 2018 11:19 am

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March 28, 2018

<Research Report>M Stanley: WH GROUP Valuation Appealing after Share Price Retreat; Rated Overweight

Morgan Stanley stated in its report that WH GROUP (00288.HK)'s stock went down 12% in the last three days on market concern over trade war and the growth outlook for packaged meat in the PRC.

Yet, the market was believed to have over-reacted.

The valuation became more attractive after the share price had retraced.

WH GROUP was rated Overweight at the target price $10.5

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Wed Apr 25, 2018 11:22 am

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March 27, 2018

WH GROUP: Company Biz Across World under Only Light Impact of China-US Trade War

At the press conference, Kenneth Sullivan, the President and CEO at Smithfield Foods under WH GROUP (00288.HK), expressed that escalated trade tension between China and the U.S. is not a good thing but emphasized businesses of the company spread across the world with engagement in numerous phases of industrial chain.

Sullivan stated the packaging segment which contributes over 70% profit to the company is under only light impact of China-U.S. trade frictions.

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Wed Apr 25, 2018 11:24 am

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March 26, 2018

<Research Report>C Suisse Reiterates WH GROUP at Outperform as Trade War Impact Minimal

Credit Suisse said in its research report that while WH GROUP (00288.HK)'s stock price fell 5% on the PRC's hit-back on US' imposed tariffs, with US pork on the list, this was believed to be a mistake.

The reason was that import volume only accounted for 3% of China's total pork consumption and US only contributed 10% of the total import volume.

Also, the pork price in China remained weak.

The broker reiterated WH GROUP Outperform at the target price $10.9.

Source: AAStocks Financial News
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