|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's range||0.000 - 0.000|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.27 (3.46%)|
|1y target est||10.44|
It was Wan Long, a former factory manager who helped turn a humble state-owned meat processor into the world’s biggest pork producer -- and in doing so built his own fortune. Compensation for Wan, chairman and chief executive officer of WH Group Ltd., was $291 million in salary and stock payments last year, according to the company’s annual report. The pork boss also topped high-profile American CEOs like Apple Inc.’s Tim Cook, Tesla Inc.’s Elon Musk and Goldman Sachs Group Inc.’s Lloyd Blankfein and was one of the best-paid executives anywhere in the world, according to data compiled by Bloomberg.
China has ramped up inspections of pork shipped from the United States, importers and industry sources said, the latest American product to be hit by a potentially costly slowdown at Chinese ports in the past couple of weeks. Some trade experts said they believe Beijing is sending a defiant warning to Washington in response to sweeping U.S. trade demands made on China last week. The stepped-up checks have even hit China's WH Group Ltd, the world's largest pork company and owner of Smithfield Foods in the United States, and come amid increasing scrutiny of other U.S. farm goods, including fruit and logs.
China has ramped up inspections of pork shipped from the United States, importers and industry sources said, the latest American product to be hit by a potentially costly slowdown at Chinese ports in the past couple of weeks. Some trade experts said they believe Beijing is sending a defiant warning to Washington in response to sweeping U.S. trade demands made on China last week. The stepped-up checks have even hit China's WH Group Ltd , the world's largest pork company and owner of Smithfield Foods in the United States, and come amid increasing scrutiny of other U.S. farm goods, including fruit and logs.
During the Period, turnover of the Group was US$5,620 million, up 5.7% y-o-y. During the Period, the Group leveraged advantages of its global presence in the industrial value chain and continued to increase business scope, which resulted in steady profits growth during the quarter. The continued decline in average hog prices benefited the operating performance of China's business.
April 24 (Reuters) - WH Group Ltd: * Q1 PROFIT ATTRIBUTABLE $249 MILLION VERSUS $204 MILLION * Q1 REVENUE $5.62 BILLION VERSUS $5.32 BILLION Source text for Eikon: Further company coverage:
The company that makes Smithfield bacon and Nathan’s Famous hot dogs has fallen on the wrong side of China’s new tariffs—despite being Chinese-owned.
March 26 (Reuters) - Wh Group Ltd: * ZHANG TAIXI AND YOU MU WILL RETIRE AS EXECUTIVE DIRECTORS * WAN HONGJIAN AND MA XIANGJIE APPOINTED EXECUTIVE DIRECTORS Source text for Eikon: Further company coverage:...
March 26 (Reuters) - WH Group Ltd: * FY TURNOVER BEFORE BIOLOGICAL FAIR VALUE ADJUSTMENTS $22,379 MILLION VERSUS $21,534 MILLION * FY UNDERLYING PROFIT ATTRIBUTABLE BEFORE BIOLOGICAL FAIR VALUE ADJUSTMENTS ...
China's threat of steep tariffs on American pork imports will put further pressure on an industry already facing weaker demand from the world's top buyer of the meat. Beijing said on Friday it was considering levying an additional 15 percent tariff on U.S. products including dried fruit, wine and steel pipes, and an extra 25 percent duty on pork products and recycled aluminum in response to U.S. tariffs on steel and aluminum. Some industry participants said the tariffs and the threat of a brewing trade war between China and the United States would create more Chinese demand for European pork exporters, who have boosted supplies to China in the last two years after sanctions on Russia closed one of the region's key markets.
China pork producer WH Group is dialing back growth hopes for its U.S. unit Smithfield in the mainland amid weak demand, with a new plant there operating at just a third of capacity and plans for another factory postponed, group executives said. WH Group, the world's biggest pork producing company, bought top U.S. pork producer Smithfield in 2013 for $4.7 billion (3.52 billion pounds), at the time the largest takeover of a U.S. company by a Chinese buyer. The deal gave the Chinese firm access to expertise in processing the Western products increasingly popular in China's major cities.
LUOHE/ZHENGZHOU, China (Reuters) - WH Group , the world's top pork producer, is adding new varieties of packaged foods to counter slowing Chinese pork demand and woo the expanding middle class of the world's most populous nation that is embracing a wider diet of meats. Drawing on the expertise of its Smithfield business in the United States, WH's domestic unit Shuanghui Development is launching products that meet regional flavours and satisfy the demand for snacking and convenience, while also boosting its range of premium fresh chilled meats. "First, we want to bring in more Western products, and second, we want to develop more industrialised Chinese products," Chairman and Chief Executive Wan Long told reporters last week at the company headquarters in Luohe, central China.
The world's largest pork company WH Group Ltd said on Tuesday its U.S. subsidiary, Smithfield Foods, will for the first time sell its U.S.-produced pork online in China, via online retailer JD.com Inc. The move follows other international food companies that are looking to boost sales in the world's top pork consumer through its vast e-commerce market, with a growing middle class developing a taste for branded and imported meat products. The fresh food division of JD.com, JD Fresh, will be the online sales platform for Smithfield's pork products in China, according to an agreement signed by Smithfield, Henan Shuanghui Investment and Development Co, which is also owned by WH Group, and JD.com.
Mar.26 -- Smithfield Foods President and CEO Ken Sullivan discusses trade tariffs and U.S. and China trade relations. He speaks on "Bloomberg Daybreak: Asia."