Credit Suisse: Maintaining WH Group's "outperform the broader market" rating, the target price rose to HK$8.2

Credit Suisse released a research report saying that maintaining WH Group's "outperform the market" rating, the target price rose from HK$7.8 to HK$8.2, equivalent to forecasting a price-earnings ratio of 11 times this year, but lowering its profit forecast for last year by 10% to reflect potential litigation costs in the fourth quarter of last year. The report mentioned that it is believed that the company's unit profit of packaged meat in the United States reached a new high in the fourth quarter of last year, mainly due to the successful price increase in the middle of the year, and sales are expected to achieve a slight year-on-year decline due to the high base, and it is estimated that the Group's operating profit of packaged meat for the whole of last year can at least return to the level of 2019. (Sina Finance)