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Jefferies Adjusts WH Group's Price Target to HK$8 From HK$7.40, Keeps at Buy
Jianyin International: Raises the Target Price of WH GROUP to HKD 8.4, maintains the "Outperform market" rating.
Jianyin International released a Research Report stating that WH GROUP (00288) exceeded expectations in its performance for the fourth quarter of last year, with adjusted net profit soaring to 1.464 billion USD, driven by a strong recovery in its upstream business in the USA. This result means that the adjusted net profit for the fourth quarter is 95.4% higher than the expectations of the bank and the market, with revenue growth improving from a decline of 8%, a decline of 4%, and an increase of 3% in the first, second, and third quarters of last year to 5% in the fourth quarter, thanks to increases in packaged meat and Pork sales of 1% and 3% respectively. The bank raised its core profit expectations for the company this year by 14%, increasing the Target Price from 7.4 HKD to 8.4 HKD.
CITIC Securities: Raised WH GROUP's Target Price to HKD 8.24, upgraded rating to 'High Confidence to Outperform the Market'.
CITIC Lyon released a Research Report stating that it has raised the Target Price for WH GROUP (00288) by 9% from HKD 7.55 to HKD 8.24, and upgraded its rating from "Outperform" to "High Conviction Outperform". The report indicates that the company's sales in 2024 are expected to decrease by 1.1% year-on-year to USD 25.9 billion, with adjusted operating profit at USD 2.3 billion, and the operating margin increasing by 3 percentage points year-on-year to 9%. Looking ahead to 2025, the bank anticipates that despite facing pressure on average selling prices, the volume of packaged meat sold in mainland China will still be driven by sales, and Pork sales are expected to improve. The bank expects the USA to benefit from high hog prices and production.
WH Group Limited's (HKG:288) Share Price Is Matching Sentiment Around Its Earnings
Hong Kong Stocks Rise; WH Group Gains 4%
WH GROUP (00288) rose over 6% after earnings announcement, with last year's biological fair value adjusted net profit increased by over 1.4 times year-on-year, and the final dividend increased by 60% year-on-year.
King Wu Finance News | WH GROUP (00288) has reported good performance, leading to a significant rise in stock price, currently up 6.46% to HKD 7.09, with a transaction volume of 0.136 billion HKD. The company recently announced its performance, showing that for the fiscal year ending December 31, 2024, the profit attributable to owners before biological fair value adjustments is 1.471 billion yuan (USD, the same below), an increase of 142.74% year-on-year, with basic earnings per share of 11.47 cents. After biological fair value adjustments, the profit attributable to owners is 1.612 billion yuan, a year-on-year increase of 156.28%, with basic earnings per share of 12.56.
