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00288 WH GROUP
RTNominal up5.860 +0.100 (+1.736%)
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25/01/2024 14:27

{I-bank focus}UBS lowers WH Group (00288) to HKD6.4

[ET Net News Agency, 25 January 2024] UBS lowered its target price for WH Group (00288)
to HKD6.4 from HKD6.5 and maintained its "buy" rating.
The research house said it cuts FY23/24 earnings estimates by 38%/10% to
USD587mn/USD1,100mn (-58%/+87% YoY), mainly to reflect the near-term challenges of weak
demand in China, a marginally improving but still loss-making hog farming business in US,
and impairment losses due to capacity reduction in US. (RC)

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