On September 10, WH GROUP fell 3.03% in regular trading, trading at HKD 6.875/share, with turnover of HKD 113 million, extending its recent downtrend.

The decline follows a wave of analyst downgrades after the company's interim results disappointed. Q2 operating profit, excluding biological fair value changes, fell approximately 7% year-over-year to USD 618 million, missing market expectations, with operating profit declining across all three major markets — North America, China, and Europe. Subsidiary Smithfield lowered full-year adjusted operating profit guidance across all business segments, primarily due to falling hog futures prices and rising industry supply.

Morgan Stanley cut its target price by 7% from HKD 11.4 to HKD 10.6, lowering earnings estimates for fiscal years through 2028 by 7%-9%, while maintaining an Overweight rating. UBS trimmed its target from HKD 11 to HKD 9.5, cutting revenue and net profit forecasts by 1% and 5% respectively, maintaining a Buy rating. Goldman Sachs lowered its target from HKD 11.1 to HKD 10.9, and Citi reduced its target to HKD 9.9 — both maintaining Buy ratings. Separately, China's hog prices remain near decade lows, with industry-wide losses deepening and listed pig farming companies seeing rising leverage, though analysts expect hog price recovery by 2027 as capacity reduction continues.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)