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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 - 10/28
6.67 HKD   +6.89%
10:15aWH GROUP LIMITED : quaterly earnings release
12:44aChina shares rise driven by consumer, healthcare stocks; Hang Seng slips
RE
10/27WH : January-September Net Profit Rose 8.5%
DJ
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Surge in U.S. pork exports to China led by Brazil's JBS, China's WH Group

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09/22/2020 | 08:14pm 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


Stocks mentioned in the article
ChangeLast1st jan.
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.02% 135.2 End-of-day quote.-6.98%
JBS SA -2.15% 19.98 End-of-day quote.-22.56%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.17% 106.025 End-of-day quote.-15.12%
TYSON FOODS, INC. -1.58% 56.76 Delayed Quote.-37.65%
WH GROUP LIMITED 6.89% 6.67 End-of-day quote.-17.14%
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All news about WH GROUP LIMITED
10:15aWH GROUP LIMITED : quaterly earnings release
12:44aChina shares rise driven by consumer, healthcare stocks; Hang Seng slips
RE
10/27WH : January-September Net Profit Rose 8.5%
DJ
10/19Smithfield Foods, Hit By Pandemic, Says CEO Will Retire Next Year
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10/19Smithfield Foods CEO to retire in early 2021
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09/29Meatpackers deny workers benefits for COVID-19 deaths, illnesses
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09/22Surge in U.S. pork exports to China led by Brazil's JBS, China's WH Group
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09/14Pig pandemic adds to German pork sector pain as exports banned
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09/14Pig pandemic adds to German pork sector pain as exports banned
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09/10U.S. cites Smithfield Foods for failing to protect workers from coronavirus
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More news
Financials (USD)
Sales 2020 25 492 M - -
Net income 2020 1 195 M - -
Net Debt 2020 2 268 M - -
P/E ratio 2020 81,4x
Yield 2020 0,53%
Capitalization 98 187 M 12 669 M -
EV / Sales 2020 3,94x
EV / Sales 2021 3,75x
Nbr of Employees 102 000
Free-Float 61,8%
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Technical analysis trends WH GROUP LIMITED
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 20
Average target price 1,26 $
Last Close Price 6,67 $
Spread / Highest target -74,9%
Spread / Average Target -81,2%
Spread / Lowest Target -85,1%
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-17.14%11 853
HORMEL FOODS CORPORATION9.29%26 997
HENAN SHUANGHUI INVESTMENT & DEVELOPMENT CO.,LTD.71.03%25 654
TYSON FOODS, INC.-37.76%21 007
JBS SA-20.85%9 629
JUEWEI FOOD CO., LTD.73.33%7 308