WH Group 0288

Re: WH Group 0288

Postby winston » Fri May 10, 2019 10:00 am

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<Research Report>Citi: Reaffirms WH GROUP (00288.HK) at Sell on Rising Uncertainties

Citigroup suggested WH GROUP (00288.HK) faces rising uncertainties in fundamentals, including risk of African Swine Fever spreading to the US, deteriorating China-US trade relations, and feed stock costs.

Overall, WH GROUP was reiterated Sell at a $6.94 target.

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Wed May 15, 2019 9:37 am

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May 14, 2019

<Research Report>UBS: Mkt Overreacted to WH GROUP (00288.HK)'s Share Plunge; US Hog Price May Keep Surging

WH GROUP (00288.HK)'s share price plummeted approximately 15% last week owing to concern over China-US trade war impact, UBS said in its report.

The broker said the market had overreacted to the share plunge though.

The group's 2019E profit may set an all-time high in UBS forecast, thanks to US business recovery. The rating was reiterated Buy with target price of $10.11.

UBS further expected that the recent hog price rally of the US may continue because the African Swine Fever had sparked higher US exports to China. This may propel WH GROUP's hog production in US to track profit from 2Q19.

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Wed May 15, 2019 10:58 am

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<Research Report>UBS: Mkt Misinterprets Trade War Impact on US Pork Exports to China; Reaffirmed WH GROUP at Buy

UBS opined that the market misunderstood trade war impact on American pork exports to China.

Most of these exports (fresh and frozen) are already subject to 62% levies following two rounds of tariff hikes last year.

Hence, a new round of tariff increase could hardly affect WH GROUP (00288.HK)'s American pork export business.

Overall, WH GROUP was reiterated Buy at a $10.11 target.

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Thu May 23, 2019 1:25 pm

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May 23, 2019

<Research Report>UBS Reiterates WH GROUP (00288.HK) at Buy; US Hog May Exempted from Tariff Hike

Having talked with chief expert at China's Ministry of Agricultural and Rural Affairs, UBS learnt that China's hog price may advance in 2H19 and remain high till next year.

On the other hand, the US hog may be exempted from tariff hike in face of supply shortage of China during 2019-20.

UBS expected the hog price to rise nearly 40% this year given the stable price in April.

The broker furthered WH GROUP (00288.HK)'s price target implies 7.6x 2020E EV/EBITDA.

It painted an upbeat tone on the company's performance, as the US market recovery may propel profit growth, China-US synergies may help the company pocket gains amid China hog price upcycle.

WH GROUP was reiterated at Buy with target price of $10.11.

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Wed May 29, 2019 9:35 am

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WH GROUP: Low-price Raw Reserves to Cushion Hog Price Rise Impact

WH GROUP (00288.HK)'s profit was eaten away by trade war and African swine fever last year, explained CFO Guo Lijun at the shareholder' meeting.

Yet, the company has stored up low-price raw reserves (hog price of RMB10 or below per kg) and expected to be gradually unleashed in future to soften the blow on hog price upsurge after the occurance of African swine fever.

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Thu May 30, 2019 7:07 am

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Pork price likely remain high which is good for WH Group

Source: SCMP

https://www.scmp.com/business/commoditi ... es-out-hog
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Re: WH Group 0288

Postby winston » Wed Jul 24, 2019 11:43 am

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<Research Report>UBS Trims WH GROUP (00288.HK) TP to $8.96; Maintained Buy

UBS in its report lowered 2019-21 earnings estimates on WH GROUP (00288.HK) by 27%/ 15%/ 12%, given delayed profitability recovery of US fresh meat under global trade conflicts.

The broker maintained Buy on WH GROUP at the target price $8.96, trimmed from $10.11.

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Wed Jul 24, 2019 11:43 am

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<Research Report>UBS Trims WH GROUP (00288.HK) TP to $8.96; Maintained Buy

UBS in its report lowered 2019-21 earnings estimates on WH GROUP (00288.HK) by 27%/ 15%/ 12%, given delayed profitability recovery of US fresh meat under global trade conflicts.

The broker maintained Buy on WH GROUP at the target price $8.96, trimmed from $10.11.

Source: AAStocks Financial News
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Re: WH Group 0288

Postby winston » Wed Aug 14, 2019 6:20 am

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World's largest pork producer, WH Group, diversifies

Source: SCMP

https://www.scmp.com/business/companies ... hina-finds
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Re: WH Group 0288

Postby winston » Wed Aug 14, 2019 6:27 am

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Pork producer net falls 17pc

by Avery Chen

Chinese pork producer WH Group (0288) reported its first-half net profit fell 16.9 percent year-on-year to US$463 million (HK$3.61 billion), due to the higher cost of raw materials such amid the outbreak of African Swine Fever in mainland China.

The world's top pork producer saw a 10.7 percent growth in net profit after biological fair value adjustments.

Basic earnings per share was 3.15 US cents and an interim dividend of 5 HK cents was declared.

Operating profit in China slumped 21.5 percent to US$288 million while the United States saw a 13.2 percent growth to US$446 million.

Chairman Ma Xiangjie said the company has introduced some measures for cost-saving, including product structure adjustment, cost control, and internal control.

Shares of WH Group fell 2.04 percent to HK$6.72.

Source: The Standard

http://www.thestandard.com.hk/section-n ... 0814&sid=2
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