Unlocking QAF's Value (Part 1) - Why Its Pork Business May Be Attractive to WH Group
QAF Ltd (QAF SP) is a food distribution company with presence primarily in ASEAN and Australia, with three main business segments -Â bakery,...
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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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COFCO Meat IPO: Revenge of the Pigs
Following my IPO preview piece on COFCO Meat, there were some enquiries on the history of COFCO Meat. Below are some pieces of history regarding...
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