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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  WH Group Limited    288   KYG960071028

WH GROUP LIMITED

(288)
  Report
End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 07/03
6.94 HKD   +1.76%
06/29WH : Smithfield Foods Teaming With Granular to Aid Grain Farmers
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06/15Meatpacking workers often absent after Trump order to reopen
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News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tyson Foods will shut U.S. pork plant as more workers catch COVID-19

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05/28/2020 | 08:22pm EDT
Traders gather at the post that trades Tyson Foods on the floor of the New York Stock Exchange

By Tom Polansek

Tyson Foods Inc said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald Trump ordered slaughterhouses to stay open to protect the country's food supply.

Meat processors like Tyson Foods, WH Group's Smithfield Foods and JBS USA temporarily closed about 20 slaughterhouses last month as workers fell ill with the new coronavirus, leading to shortages of certain products in grocery stores. Production remains lower than normal because of increased absenteeism and social distancing among employees.

An Iowa state official said 555 employees at Tyson's Storm Lake plant tested positive for the virus, about 22% of the workforce.

Tyson will stop slaughtering hogs at the facility and finish processing the animals over the next two days, according to a statement.

It will resume operations next week following "additional deep cleaning and sanitizing of the entire facility," the statement said. The closure is due partly to a delay in COVID-19 testing results and employee absences, according to Tyson.

Tyson said it conducted large-scale COVID-19 testing at the plant in northwestern Iowa and implemented safety measures to protect employees like requiring them to wear masks.

The United Food and Commercial Workers International Union called on the Trump administration and meat companies to do more to protect workers. The union reported more than 3,000 infections and 44 deaths among U.S. meatpacking workers, up from 35 deaths as of May 12.

"Too many workers are being sent back into meatpacking plants without adequate protections in place, reigniting more outbreaks in the plants and our communities," said Nick Nemec, a South Dakota farmer who is part of an advocacy group working with the union.

The Storm Lake plant slaughters about 17,250 pigs a day when it is running at full capacity, according to industry data. That accounted for about 3.5% of U.S. production before the pandemic.

(Reporting by Tom Polansek in Chicago; Editing by Matthew Lewis and Stephen Coates)

Stocks mentioned in the article
ChangeLast1st jan.
AT HOME GROUP INC. 3.91% 6.64 Delayed Quote.20.73%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.76% 135.9 End-of-day quote.-7.19%
JBS SA 3.05% 21.95 End-of-day quote.-14.92%
JUST GROUP PLC -4.49% 48.9 Delayed Quote.-38.10%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.65% 100.05 End-of-day quote.-20.29%
NORTHWESTERN CORPORATION -0.18% 55.31 Delayed Quote.-22.83%
TYSON FOODS, INC. -0.20% 58.45 Delayed Quote.-35.80%
WH GROUP LIMITED 1.76% 6.94 End-of-day quote.-13.79%
WILL GROUP, INC. 0.32% 636 End-of-day quote.-49.20%
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Latest news on WH GROUP LIMITED
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More news
Financials (USD)
Sales 2020 25 812 M - -
Net income 2020 1 505 M - -
Net Debt 2020 1 816 M - -
P/E ratio 2020 8,79x
Yield 2020 4,68%
Capitalization 13 182 M 13 182 M -
EV / Sales 2019
EV / Sales 2020 0,58x
Nbr of Employees 101 000
Free-Float 61,8%
Chart WH GROUP LIMITED
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Technical analysis trends WH GROUP LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Average target price 1,32 $
Last Close Price 0,90 $
Spread / Highest target 87,3%
Spread / Average Target 47,6%
Spread / Lowest Target 32,6%
EPS Revisions
Managers
NameTitle
Long Wan Executive Chairman & Chief Executive Officer
Gordon Lijun Guo CFO, Executive Director & Executive Vice President
Shu Ge Jiao Deputy Chairman
Kong Wai Lee Independent Non-Executive Director
Ming Huang Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
WH GROUP LIMITED-13.79%13 182
HORMEL FOODS CORPORATION6.58%25 913
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.59.01%21 683
TYSON FOODS, INC.-35.80%21 295
JBS SA-14.92%10 983
JUEWEI FOOD CO., LTD.49.09%5 965