Analysts Are Bullish on Top Consumer Goods Stocks: PepsiCo (PEP), WH Group Limited (WHGRF)
Citibank: Maintaining Wanzhou International's (00288) “Buy” Rating Target Price of HK$5.79
Citi believes that Wanzhou International (00288) management is working to reduce US pig production capacity to reduce future fluctuations in the company's profits.
Bank of China International: Maintaining Wanzhou International's “Buy” Rating and Raising the Target Price to HK$6.5
Bank of China International released a research report stating that while maintaining Wanzhou International's (00288) “buy” rating, the target price was raised from HK$5.8 to HK$6.5. The bank believes that since Wanzhou is still considering a spin-off of the Smithfield business, improvements in its US business will help reassess Wanzhou's valuation. According to the report, the company's fundamentals improved in the first quarter, showing resilience, and net profit increased 140% year over year to US$465 million. Although the Chinese business continues to be dragged down by low pig prices, the US business is showing strong signs of “turning over”. The bank believes this supports this year's overall profit, and considering last year's low base, it is expected today
Big Bank Rating | Damo: I believe Wanzhou's stock price will rise 70% to 80% within 45 days
Morgan Stanley published a report, believing there is a chance that Wanzhou's stock price will rise 70% to 80% within 45 days. The stock is rated as “increase in holdings”, with a target price of HK$6.5. According to Damo, Wanzhou announced first-quarter results, and the US upstream business recorded a significant loss reduction. It is expected that the profitability of pig production will return to a normal cycle, so it will turn a loss into a profit in the second quarter and achieve good growth in the third quarter. The profit of the packaged meat business in China should be far higher than the initial forecast of 4,000 yuan per ton, and it is expected that business performance will continue to improve in the next few quarters.
Huatai Securities: The off-season will take full advantage. What should we pay attention to when investing in pig stocks?
Huatai Securities released a research report saying that pig prices have fluctuated and declined since April, but the pullback has not been significant. The off-season is over, pig prices are expected to rise steadily from May, 24Q2 pig prices may improve year on month, and drive pork's contribution to CPI to the right.
Macquarie: Maintaining Wanzhou International's “Outperform the Market” rating, target price of HK$7.4
Macquarie released a research report saying that maintaining Wanzhou International's (00288) “outperforming the market” rating, the target price is HK$7.4. The US upstream business has improved. The current price is equivalent to 11 times the projected price-earnings ratio for the 2024 fiscal year, and the cash dividend ratio has reached 5.5%. The company's operating profit for the first quarter increased 37% year on year, 3.4% higher than the bank's forecast. US business profit increased strongly 2.08 times, offsetting the impact of a 10% drop in operating profit from the Chinese business. The company is confident that the US upstream business will achieve profits in the second and third quarters of this year, and it is expected that the profit of the Chinese business will achieve positive growth throughout the year.
Bank of America Securities: Reiterates Wanzhou International's “Buy” Rating Target Price of HK$6
Bank of America Securities released a research report stating that it reaffirmed Wanzhou International's (00288) “buy” rating and maintained a target price of HK$6 based on the company's yield support of about 6%, possible improvements in US upstream business, and long-term options for restructuring or spin-off of the US business. The company's US upstream business is expected to turn a loss into a profit in the second and third quarters of this year. As for the Chinese business, it will remain stable, mainly due to record profitability of meat products, narrowing upstream losses, and factors supported by an easing base. The bank anticipates that the profit performance of the company's Chinese business in the 2024 fiscal year will increase in the number of units. As for the rest of this year
Buy Rating Affirmed for WH Group Limited on Strong US Performance and Robust Profit Growth
Changes in Hong Kong stocks | Wanzhou International (00288) rose nearly 4%, net profit for the first quarter increased 73% year-on-year to US$301 million
The Zhitong Finance App learned that Wanzhou International (00288) rose nearly 4%. As of press release, it had risen 3.83% to HK$5.69, with a turnover of HK$64,1832 million. According to the news, Wanzhou International announced that in the first quarter of 2024, revenue was US$6.181 billion, a year-on-year decrease of 8.33%; profit attributable to company owners before biofair value adjustment was US$301 million, an increase of 73% over the previous year; and basic profit per share was 2.35 cents. The company said that the sharp increase in profit during the period was mainly due to the company's implementation of a series of reform measures last year to rectify the Group's pig breeding operations and cooperate
萬洲國際:河南雙匯投資發展股份有限公司 截至二零二四年三月三十一日止三個月的 未經審核財務業績
[Hong Kong Stock Connect] Wanzhou International (00288)'s profit of US$301 million increased 73% year-on-year
Jinwu Financial News | Wanzhou International (00288) announced that for the three months ended March 31, 2024, the company's revenue was US$6.181 billion, down 8.3% year on year; profit attributable to company owners was US$301 million, up 73.0% year on year; basic profit per share was 2.35 cents, compared to 1.36 cents for the same period last year.
Wanzhou International (00288)'s revenue for the first quarter was US$6.181 billion, down 8.33% year-on-year
Wanzhou International (00288) announced that in the first quarter of 2024, revenue was US$6.181 billion, a year-on-year decrease of 8.33%; profit attributable to company owners before biofair value adjustment was US$301 million, up 73% year on year; basic profit per share was 2.35 cents.
Wanzhou International (00288.HK) net profit (before biofair value adjustment) rose 73.0% to US$301 million in the first quarter
Gelonghui, April 22丨Wanzhou International (00288.HK) announced that in the three months ended March 31, 2024, the company's revenue fell 8.3% to US$6.181 billion, and operating profit rose 37.3% to US$501 million. Profit attributable to the company's owners (before bio-fair value adjustment) rose 73.0% to US$301 million. Sales of meat products and pork fell by 4.1% and 7.8% respectively during this period. During this period, the average pig price in China was RMB 14.90 per kilogram, down 5.1% from the three months ended March 31, 2023. This is due to the supply of pigs
萬洲國際:截至二零二四年三月三十一日止三個月 未經審核季度業績公告
Changes in Hong Kong stocks | COFCO Jiajiakang (01610) rose more than 6%, leading the rise in pork concept stocks, pig prices were strong, and pig farming may turn a loss into a profit in the second quarter
Pork concept stocks rose. As of press release, COFCO Jiajiakang (01610) rose 6.02% to HK$1.76; Wanzhou International (00288) rose 2.78% to HK$5.54.
Is WH Group (HKG:288) Using Too Much Debt?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' It's only natural to consider a company's balance sheet when you examine how risky it is, since debt is often involved whe
Hong Kong Stock Concept Tracking | The inflection point in the pig cycle has stabilized in the North and South, and the inflection point of the pig cycle is becoming more clear (with concept stocks)
Recently, as the temperature rises, digestion of white stripes from large pigs has slowed down, and slaughterers have reduced their procurement of medium and large pigs, but the number of pigs sold has increased, and market supply has exceeded demand, which has led to a brief correction in pig prices. According to statistics from Zhuochuang, the average price of pigs nationwide was 15.11 yuan/kg on April 16, down 0.05 yuan/kg from the previous month. However, the South is generally stable, and the farming side is more willing to raise prices. As the north falls, the north-south price gap narrows, leading to a decrease in the transfer of pigs from South to North, supporting the market. It is expected that pig prices may stop falling and stabilize in the short term. Since the end of 2022, the pig breeding industry has continued to lose money for 15 months, and the average loss margin is also at a high level in history
WH GROUP LTD To Go Ex-Dividend On May 15th, 2024 With 0.63865 USD Dividend Per Share
April 16th - $WH GROUP LTD(WHGLY.US)$ is trading ex-dividend on May 15th, 2024. Shareholders of record on May 16th, 2024 will receive 0.63865 USD dividend per share on June 10th, 2024. The ex-divi
Consumption of off-season pig prices continues to rise, which has a better chance of exploring COFCO Jiajiakang (01610) or Wanzhou International (00288)?
Although the current fundamental data does not yet support the conclusion of a complete reversal of the industry, the appeal of the cycle also lies in fluctuations and poor expectations. For fervent investors, the present may already be a time window for early reversal of the game cycle.
WH GROUP: 2023 ANNUAL REPORT
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