[ET Net News Agency, 30 October 2020] Credit Suisse raised its target price for WH
Group Limited (00288) to HK$10.5 from HK$10.1 and maintained its "outperform" rating.
The research house said WH's 3Q operating profit up 4% on 4% revenue growth, slightly
ahead of expectations. China/US operating profit was up 15%/down 9%. Management is
optimistic that the worst of the pandemic in the US appears over, with a rebound in demand
expected in 2021.
In China, management targets mid- to high-single-digit packaged meat volume growth in
2021, supported by new channel and key new products. Credit Suisse believes China hog
prices downward trend should underpin a resilient profitability outlook for packaged meat
in 2021-22. (KL)
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00288 WH GROUP
Nominal 
5.780 -0.050 (-0.858%) Research Report
30/10/2020 14:02
{I-bank focus}Credit Suisse ups WH Group (00288) to HK$10.5
| Remark: | Real time quote last updated: 25/04/2024 13:45 |
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