China's WH Group falls most in 16 months as unit Smithfield Foods cuts full-year forecast
12/08/2026 05:45
BUZZ-China's WH Group falls most in 16 months as unit Smithfield Foods cuts full-year forecast ** Shares of WH Group 0288.HK fall 5.8% to HK$7.685, on course for the biggest one-day pct drop since April 2025
** Stock touches the lowest point since August 7
** Chinese pork production group's unit Smithfield Foods Inc SFD.O cut its annual total sales and adjusted operating profit forecasts on Tuesday, citing ongoing challenges including cautious consumer spending and higher input costs
** Smithfield Foods expects FY2026 sales to be roughly flat vs prior expectations of low-single-digit pct growth
** YTD, WH stock down 10.4%, benchmark Hang Seng Index .HSI down 1.1%
(Reporting by Donny Kwok)
Recent news on WH
See all newsBrief: WH Group Says Unit And Directors Receive Administrative Penalty Decisions
China pork group WH Group hits 10-month low as H1 profit slips
Hong Kong's WH Group H1 revenue rises on packaged meat growth in China, Europe
China's WH Group falls most in 16 months as unit Smithfield Foods cuts full-year forecast
Chinese pork group WH hits 5-week low after quarterly results, warns of challenges