|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 (4.27%)|
|1y target est||1.30|
Before the U.S.-China trade war, American pig processors exported nine out of every 10 pigs' feet and heads they shipped overseas to China and Hong Kong - for prices higher than they would fetch anywhere else. The pipeline for these profitable pig parts, known collectively as offal, is closing fast after China slapped two tariffs on U.S. pork totaling 50 percent.
How far off is WH Group Limited (HKG:288) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock isRead More...
BEIJING/CHICAGO (Reuters) - U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into effect next month. China implemented a 25 percent duty on most U.S. pork items on April 2, and a 15 percent tariff on a range of fruits and nuts, in response to U.S. tariffs on Chinese steel and aluminium products.
China-related markets were taking some heat on Tuesday as a fresh chapter in the trade war with the U.S. threatened to blow up. Here are five charts showing how dramatic a day it has been for global markets.
Mexico will impose a 20 percent tariff on U.S. pork imports, two industry officials with direct knowledge of the plan told Reuters on Monday, for the first time providing details of the country's retaliatory measures to U.S. President Donald Trump's tariffs on steel and aluminium. Last week, Mexico said the retaliatory tariffs would apply to pork legs and shoulders from U.S. suppliers, which account for about 90 percent of the country's $1.07 billion (£803.6 million) annual imports of the cuts.
June 4 (Reuters) - WH Group Ltd: * APPOINTS WAN HONGJIAN AND MA XIANGJIE AS EXECUTIVE DIRECTORS Source text for Eikon: Further company coverage:
WH Group Limited (SEHK:288) is trading with a trailing P/E of 13.2x, which is lower than the industry average of 16.6x. While 288 might seem like an attractive stock toRead More...
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:
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.
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."