Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00288 WH GROUP
RTNominal up5.990 +0.020 (+0.335%)
Others

02/11/2018 11:12

[I-bank focus]Credit Suisse trims WH Group (00288) to HK$9.8

[ET Net News Agency, 2 November 2018] Credit Suisse lowered its target price for WH
Group Limited (00288) to HK$9.8 from HK$10.5, and maintained its "outperform" rating.
The research house said WH's 3Q results were below market expectation. Stripping out the
bio-assets adjustment, adjusted net earnings decreased 31% YoY in 3Q, worse than market
expectation of around 10% profit decline.
The major drag still came from US business. Despite a sequential improvement in fresh
pork, on widening price gap between hog and pork, the recovery is below market
expectation.
Together with the negative impact from RMB depreciation, Credit Suisse sees China
operating profit decline 0.8% YoY in 3Q. Credit Suisse cut its 2018-20 earnings forecast
by 3-7% to reflect the weak results. (KL)

Remark: Real time quote last updated: 20/09/2024 11:58
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.