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花旗:维持万洲国际“买入”评级 目标价升至7.1港元

Citigroup: Maintains a "buy" rating on WH Group, with the target price raised to 7.1 Hong Kong dollars.

Citigroup released a research report stating that the target price of WH Group (00288) has been raised from 6.7 Hong Kong dollars to 7.1 Hong Kong dollars, reflecting a revaluation in the A-share market, maintaining a "buy" rating. The new target price is mainly based on the higher PE ratio of the company's mainland business at 14 times this year, while the PE ratio for its overseas business remains at 10 times this year. The bank noted that the target PE ratio for WH Group's mainland business is discounted by 30% for its A-share dining stocks, mainly due to the risk in its upstream fresh pork business.

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