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    288   KYG960071028

WH GROUP LIMITED

(288)
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End-of-day quote. End-of-day quote Hong Kong Stock Exchange - 06/18
7.11 HKD   +0.57%
06/07Hong Kong Hang Seng Down 0.45%; Tech Sector Soft, Casinos Lose
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06/07WH  : Eyes $2 Billion Share Buyback
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06/07Hong Kong stocks close lower after China trade data
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Surge in U.S. pork exports to China led by Brazil's JBS, China's WH Group

09/22/2020 | 07:14pm EDT
Hogs are seen in the Cher Pork Farms facility in Lone Rock

U.S. pork exports to China have surged beyond pre-trade war levels, led by higher shipments from Brazil's JBS SA and China's WH Group Ltd, owner of Smithfield Foods, according to Panjiva, the research unit of S&P Global Market Intelligence.

JBS may have shipped 370% more U.S. pork to China this year through Aug. 31 than at the same period in 2017, while exports linked to WH Group rose 90.1%, Panjiva said Tuesday. Meanwhile, Springdale, Arkansas-based Tyson Foods Inc shipped 7.3% less pork to China compared to the same period in 2017.

U.S. President Donald Trump in April ordered U.S. meat processing plants to remain open to ensure domestic meat supplies despite COVID-19 outbreaks among workers.

JBS told Reuters in April, when plants across the United States were closing due to outbreaks, that it reduced exports to focus on meeting domestic demand.

JBS did not immediately respond to requests for comment on Tuesday.

Democratic U.S. Senators Elizabeth Warren and Cory Booker in June asked meat companies how much they exported to China during the pandemic.

   JBS said in response that its total market share of U.S. pork to China had been less than 10%. Exports are comprised largely of products like pigs' feet and livers that American consumers generally do not eat, JBS said.

Smithfield, in an emailed statement to Reuters on Tuesday, said it would not give preference to foreign customers.

China agreed to import a record $36.5 billion in U.S. farm goods in the Phase 1 trade deal signed in January, with pork expected to be key to reaching the mark.

Chinese demand is seen rising further after Beijing blocked imports from Germany, which has suffered an outbreak of a pig disease.

U.S. meat production has recovered as plants have reopened after being hit by COVID-19. Frozen pork supplies in cold-storage facilities reached a three-month high in August, according to the U.S. Department of Agriculture.

By Karl Plume


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.00% 155.025 End-of-day quote.11.57%
JBS S.A. -0.25% 28.11 End-of-day quote.18.81%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.00% 121.05 End-of-day quote.7.17%
TYSON FOODS, INC. -1.52% 72.76 Delayed Quote.12.91%
WH GROUP LIMITED 0.57% 7.11 End-of-day quote.9.38%
All news about WH GROUP LIMITED
06/07Hong Kong Hang Seng Down 0.45%; Tech Sector Soft, Casinos Lose
MT
06/07WH  : Eyes $2 Billion Share Buyback
MT
06/07Hong Kong stocks close lower after China trade data
RE
06/06WH Group Shares Jump After $1.93 Billion Buyback Plan
DJ
06/06WH  : Exchange notice - resumption of trading
PU
06/02Hong Kong Hang Seng Down 0.6%; Tech Issues Soft
MT
05/04China's Food Sector Logs 17% Growth in Added Value in Q1
MT
05/03WH  : U.S. pork processor seeks to delay court decision limiting slaughter speed..
RE
04/28Hong Kong Hang Seng Up 0.5% Ahead of Federal Reserve Policy Release
MT
04/28WH  : Q1 Surges 82% on Robust Pork Demand in US; Shares Jump 4%
MT
More news
Financials (USD)
Sales 2021 26 767 M - -
Net income 2021 1 370 M - -
Net Debt 2021 1 177 M - -
P/E ratio 2021 9,77x
Yield 2021 4,42%
Capitalization 13 507 M 13 506 M -
EV / Sales 2021 0,55x
EV / Sales 2022 0,51x
Nbr of Employees 107 000
Free-Float 61,8%
Chart WH GROUP LIMITED
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WH Group Limited Technical Analysis Chart | MarketScreener
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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 18
Average target price 1,19 $
Last Close Price 0,92 $
Spread / Highest target 53,9%
Spread / Average Target 29,4%
Spread / Lowest Target 6,89%
EPS Revisions
Managers and Directors
NameTitle
Long Wan Executive Chairman & Chief Executive Officer
Gordon Lijun Guo CFO, Executive Director & Executive Vice President
Kong Wai Lee Independent Non-Executive Director
Ming Huang Independent Non-Executive Director
Jin Tin Lau Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
WH GROUP LIMITED9.38%13 506
TYSON FOODS, INC.12.91%26 542
HORMEL FOODS CORPORATION1.74%25 705
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.-33.28%16 816
JBS S.A.18.81%13 878
JUEWEI FOOD CO., LTD.-0.25%7 362