WH Group's Dividend Outlook Faces More Uncertainty
Dow Jones
9 hours ago
0047 GMT - WH Group's dividend outlook faces greater uncertainty amid operational challenges, especially after its unit, Smithfield, further lowered its 3Q26 outlook due to weak demand and declining pork and hog prices, Citi analyst Tiffany Feng says in a note. The bank cuts WH Group's 2026-28 net profit forecasts by 10%-11% and reduces its dividend payout assumption to 50% from 66%. Citi has opened a 30-day negative catalyst watch on WH Group and cut its target price to 8.20 Hong Kong dollars from HK$9.90. It, however, keeps a buy rating, citing a dividend yield of more than 5% under its conservative payout assumption. Shares last closed 4.4% lower at HK$7.10.
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