Express News | Smithfield Foods Believes China Will Remain the Best Market for US Offal Products Even With Increased Tariffs, CEO Shane Smith Says at Investor Event

BreakingsMar 12 22:01

Bank of America Securities: Maintains WH GROUP (00288) "Buy" rating, raises Target Price to 8.3 Hong Kong dollars.

The bank pointed out that WH Group's normalized dividend yield is above 5%, while the special dividend from Smithfield Foods after its listing could raise this year's dividend yield to 7 to 8%, considering WH Group to be a value choice.

Zhitong FinanceMar 11 13:38 · Ratings

Bank of America Securities raised the Target Price for WH GROUP (00288.HK) to 8.3 yuan with a rating of "Buy".

Bank of America Securities released a report stating that after WH GROUP (0288.HK) spun off its Pork producer Smithfield Foods (SFD.US) and returned to listing in the USA, it raised the earnings per share estimates for WH GROUP for 2024 and 2025 by 9% and 7% respectively, and increased the Target Price from 6 yuan to 8.3 yuan. The Buy rating was reiterated. The report indicated that the listing of Smithfield Foods helps unlock potential value. WH GROUP has seen solid improvements in its fundamentals in the first three quarters of last year and is expected to continue in the fourth quarter and this year, partly due to the recovery of its upstream Business. Moreover, the firm pointed out that WH GROUP's normalized dividend yield is over 5%, while Smithfield Foods...

AASTOCKSMar 11 10:58

[New Stock IPO] It is reported that Muyuan Foods is considering a second listing in Hong Kong, raising at least 1 billion US dollars.

Jinwu Financial News | According to media reports, Muyuan Foods (002714), one of the largest pig breeding and pork production companies in the Global market, is considering a secondary listing in Hong Kong to raise at least 1 billion US dollars. Sources say that Muyuan Foods is seeking to hire Banks to prepare for a potential stock offering as early as this year, and related reviews are currently underway, with details such as listing scale and timing still subject to change. It is reported that Muyuan was founded in 1992 and listed on the Shenzhen Stock Exchange in 2014. Previously, Muyuan Foods announced its performance forecast for 2024, expecting a Net income of 18 billion yuan–1.

Jingu Financial News.Mar 11 09:43

The new shares of Muyuan Foods (002714.SZ) plan to list in Hong Kong this year, raising at least 1 billion USD.

"Bloomberg" quoted sources stating that Muyuan Foods (002714.SZ), one of the largest pig breeding and Pork production companies in the Global market, is considering a secondary listing in Hong Kong to raise at least 1 billion dollars. The company is seeking to hire Banks, with the aim of listing as early as this year. Muyuan was founded in 1992 and listed on the Shenzhen Stock Exchange in 2014. The company's stock price has fallen about 3% this year, with a Market Cap of approximately 204 billion yuan (about 218 billion HKD). Its locally listed peer, Blue Chip WH GROUP (00288.HK), has a latest Market Cap of approximately 88.657 billion HKD. WH GROUP will announce its annual results on March 25.

AASTOCKSMar 10 18:01

In "The Great Company", CICC lists the preferred overseas Chinese-funded stock strategy combination (table).

CICC published a report listing the preferred portfolio of overseas Chinese stocks strategy: Tencent (00700.HK), China Mobile (00941.HK), MEITUAN-W (03690.HK), CNOOC (00883.HK), Xiaomi-W (01810.HK), Trip.com-S (09961.HK), BYD (01211.HK), Anta (02020.HK), SMIC (00981.HK), POP MART (09992.HK), WH Group (00288.HK), China Pacific Insurance (02601.HK), AKESO (09926).

AASTOCKSMar 10 11:31