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<Research> Citi Raises WH Group (00288.HK) TP to HKD10.9; Positive Outlook and High Dividend Yield This Year
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Citi published a research report stating that WH Group (00288.HK) saw a 13% year-on-year increase in operating profit for the fourth quarter of last year, exceeding the bank's expectations. The net profit growth of 9% also surpassed expectations, mainly benefiting from the favorable commodity prices and improved operational efficiency in the U.S. pork business. The management aims to maintain the profitability of the U.S. hog farming business in 2026 by further enhancing efficiency, despite potential cost increases. The bank largely maintains its earnings forecast but raises the target price from HKD9.5 to HKD10.9, based on a sum-of-the-parts valuation method. The holding company discount is reduced from 30% to 20% to reflect improved shareholder returns, maintaining a "Buy" rating. (ec/a) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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