WH Group Placement: CDH Overhang (Almost) Cleared
CDH is selling down c.US$740m worth of WH Group today after market close. This represents 6% of WH Group's outstanding shares. Post this deal, CDH...
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Call with WH Group Management Re-Affirmed Our Views Company's Global Operations Are Undervalued
Since our February note Synergies and Global Ambitions Underappreciated, WH Group's shares have gained 18%. Our recent conference call with the...
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Synergies and Global Ambitions Underappreciated
WH Group is a transitioning into a global food company but the market is treating it as a commodity business given that it trades at  ~10X FY17 PE...
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Winter Is Coming, Bet on China Pork
We expect pork prices in China to surge > 10% YoY  in parts of 2017 due to low inventory levels in China and expected low global surplus. As...
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WH Group Placement: Encouraging Results, and Finally the Opportunity for CDH
Just three days after Hong Kong-listed pork producer WH Group Ltd (288 HK) reported its 1H16 results (link to financial statement, presentation) on...
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