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Processed Meat Global Market Analysis Report 2023-2024 & 2029, With Profiles of BRF, Cargill, Conagra Brands, Hormel Foods, JBS, Marfrig Global Foods, Osi, Sysco, Tyson Foods, WH Group - ResearchAndMarkets.com
Macquarie: Maintains wh group's 'outperform' rating with a target price of 9.2 Hong Kong dollars.
Macquarie released a research report stating that it maintains a "outperform market" rating for WH Group (00288) with a target price of HKD 9.2. The company disclosed details of the trade to spin off Smithfield, and it is expected that its stake in Smithfield will drop to a maximum of 80% after the spin-off is completed. The report notes that after the spin-off, the Smithfield group will mainly operate in the USA and Mexico, while WH Group will focus on the domestic market and Europe. It is believed that this spin-off of Smithfield will effectively unlock the value of the operations in the USA and Mexico, while also increasing shareholder returns.
WH Group Plans to List 20% of Smithfield Foods Shares in US
Is WH Group Limited's (HKG:288) Recent Stock Performance Influenced By Its Fundamentals In Any Way?
WH Group Plans Spin-Off of Smithfield Foods
Costs for 90% of pig enterprises have dropped to the range of 14 yuan: many companies say there is still room for cost reduction. Will profits stabilize next year? | Industry Observation
① 90% of the listed pork enterprises have reduced their costs to the range of 14 yuan per kilogram, including 5 enterprises such as Sunlon, Muyuan Foods, and Wens Foodstuff Group have reduced to the range of 13 yuan per kilogram; ② Many listed pork enterprises have indicated that there is still some room for cost reduction in the fourth quarter and next year; ③ Industry insiders believe that the cost reduction achievements have become the moat for the long-term development of pig enterprises. While helping companies expand profit margins, it also enhances the resilience of the companies against risks.
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