not vested
<Research Report>Nomura Hikes WH GROUP (00288.HK) TP to $11.4; Expects Last Quarter Results Resilient
Nomura estimated WH GROUP (00288.HK)'s 4Q19 operating profit growth to come faster than 3Q19 on the fresh pork businesses in the US and China.
The broker also expected the robust 4Q19 results to become the next catalyst.
The COVID-19 outbreak has not caused much pain to the meat producer in light of resilient demand and faster production resumption, Nomura opined, which lifted the 2019-21E earnings by 2-7% to reflect ameliorated US business.
The rating was reiterated Buy with target price added to $11.4.
Source: AAStocks Financial News