Godrej Agrovet IPO - Has A Lot of Potential but Not a Lot of Upside at These Valuations
Godrej Agrovet plans to raise up to US$175m through a mix of primary and secondary issuance in its IPO. The company is already on its way to being...
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Take Profit on WH Group (+33%) As Valuation Gap with Peers Narrows; Revisit After Interim Results
Softer hog prices and world-class execution benefited WH Group so far:WH Group has gained ~33% since my note Synergies and Global Ambitions...
411 Views
Call with WH Group Management Re-Affirmed Our Views Company's Global Operations Are Undervalued
Since our February note Synergies and Global Ambitions Underappreciated, WH Group's shares have gained 18%. Our recent conference call with the...
526 Views
Issues Raised by WH Group and US Pork
Should we be concerned that a Chinese pork producer is buying the largest hog producer in the US? Growing concerns over food safety and problems...
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Winter Is Coming, Bet on China Pork
We expect pork prices in China to surge > 10% YoY in parts of 2017 due to low inventory levels in China and expected low global surplus. As...
344 Views