Hong Kong's WH Group Subsidiary Smithfield Foods Gears Up For $1B IPO In US: Report

The U.S.-based subsidiary of Hong Kong's WH Group Ltd. (OTC:WHGLY), Smithfield Foods Inc., is reportedly gearing up for a U.S. initial public offering (IPO). The company has chosen Bank of America

BenzingaJul 12 06:25 ET

Hong Kong stock market concept tracking | Pig cycle continues to recover, many pig enterprises significantly increase profits in the second quarter (including concept stocks).

With the recovery of the pig cycle in the first half of this year, pig prices have also started to rise and surpassed the highest level of the past three years in June.

Zhitong FinanceJul 10 19:16 ET

China Galaxy Securities: Pig prices resumed upward trend this week. Subsequent profit elasticity may exceed expectations.

Currently, hog prices have entered an upward trend, while cost centers have shifted downward. The elasticity of hog farming profits is expected to exceed expectations. It is recommended to actively invest in the hog farming sector during short-term declines, taking into account the continuous cost reduction of excellent hog enterprises. This round of hog farming profits is expected to exceed market expectations.

Zhitong FinanceJul 7 21:57 ET

Western Securities: The pig breeding sector is laid out at the right time to focus on listed pig companies with strong certainty in listing growth and steady management

Currently, there are obvious differences in Nengfan production capacity data under different calibers, but the month-on-month increase in the number of Ganglian/Yongyi Nengfan sows has narrowed, and the Ministry of Agriculture is expected to maintain a scale of around 39.9 million heads. According to data from the Ministry of Agriculture, the trend of industry capacity reduction is still being maintained.

Zhitong FinanceMay 23 23:13 ET

Huatai Securities: Pig inflection point shows 24Q1 feed leader & pet sector welcomed a good start

The profit side of the 4Q1 pig breeding sector has now reduced losses, and profits from leading feed and pet sectors have bucked the trend. It is recommended to grasp the two main lines of agricultural stock investment in 2024 accordingly.

Zhitong FinanceMay 15 21:11 ET

CICC: Pig prices may start to rise, and pig companies' balance sheet recovery has entered a critical period

From an enterprise perspective, the current financial pressure on pig companies has reached a historical extreme, and the period of rising pig prices is a critical window for balance sheet repair. From an investment perspective, the current round of the market did not beat pig prices; the inflection point on the right side of pig prices is a key catalyst.

Zhitong FinanceMay 10 01:41 ET