WH Group 1Q18 Results: Overhang from Tariffs Remain but Valuation Gap with Peers Narrowed
WH Group's share price fell more than 8% after releasing its 1Q18 results because EBIT fell 9.3% YoY despite revenue growth of 5.7%YoY. Its China...
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WH Group: China's Pork Tariffs Could Trim EBIT Margins by 1 to 1.5ppt Near Term
WH Group's share price plunged about 10% yesterday on news that China plans a 25% tariff on US Pork imports (Source: Bloomberg). The company's...
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China’s Response to Trump - US Soybean Tariff?
Bejing to Avoid Soybean Food Fight: Our view is that Beijing will try to avoid counter-tariffs on US soybean imports, as was rumored in an...
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WHG (288 HK): World's Largest Pork Producer Gains Momentum
Low core profit valuation, low price-to-sales, and slow asset growthrelative to its sector Growth in China should be supported by a better product...
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QAF: Improving Bakery + Listing of Pork Business + Net Cash = 10% to 16% Upside Not Yet Baked In
QAF’s 72% drop in headline net profit for 1H17 does not look pretty, but it masks the overall potential of the underlying businesses. Also, the...
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