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BofA Securities lowered its target price for WH Group from HK$9.6 to HK$8.5 while keeping a Buy rating, and cut its 2026 and 2027 earnings forecasts by 8% and 11%. The bank cited weak US live hog and pork prices and Smithfield's second guidance cut since August.
Weak US hog and pork prices reduce the earnings outlook for large integrated pork producers, a signal of bearish hog pricing and softer demand for pork-linked feed inputs.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.