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00288 WH GROUP
RTNominal down5.410 -0.010 (-0.185%)
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19/03/2018 16:06

[I-bank focus]CLSA lifts WH Group (00288) to HK$10.8

[ET Net News Agency, 19 March 2018] CLSA lifted its target price for WH Group (00288)
to HK$10.8 from HK$9.5, but downgraded its rating to "outperform" from "buy", given
limited share-price upside.
The research house said WH Group's (WHG) share price is up about 60% from 12 months ago
as investors come to appreciate its strength in China's consumer staples segment as the
country's largest pork company.
However, consensus forecasts are only up by a small amount. CLSA revised its model with
a 5-8% EBIT increase over 2018-19. It also revised its sales forecast upwards by 3-7% for
2017-19 - given higher assumptions for China and the EU. (KL)

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