bearish

WH Group

WH Group (288 HK)'s US/Mexican Spin-Off

256 Views18 Nov 2024 13:21
Today's muted reaction to the spin-off news probably best sums up the situation. Even applying, a punchy value for Smithfield of US$10bn, I see WHG at a ~38% discount to NAV. Not a compellling trade.
What is covered in the Full Insight:
  • Introduction to WH Group's Spin-off Plans
  • Details of Smithfield Spin-off and Offering
  • Financial Performance and Valuation Assessments
  • Market Reactions and Trading Perspectives
  • Shareholder Structure and Market Comparisons
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