A · Important
[UBS: Maintain WH Group's "Buy" rating and target price lowered to HK$9.5] On August 31, UBS issued a research report stating that excluding changes in biological fair value, it is estimated that WH Group's second-quarter operating profit fell 7% year-on-year to US$618 million, lower than market expectations. Operating profits in North America, China and Europe have all declined. The bank lowered Wanzhou's revenue and net profit forecasts for fiscal 2026 by 1% and 5% respectively, and lowered the target price from HK$11 to HK$9.5, maintaining a "buy" rating.
Comments