WH Group Limited (0288.HK)
| Previous close | 5.420 |
| Open | 5.380 |
| Bid | 5.410 x 0 |
| Ask | 5.420 x 0 |
| Day's range | 5.330 - 5.450 |
| 52-week range | 3.880 - 5.640 |
| Volume | |
| Avg. volume | 24,660,736 |
| Market cap | 69.411B |
| Beta (5Y monthly) | 0.52 |
| PE ratio (TTM) | 14.24 |
| EPS (TTM) | 0.380 |
| Earnings date | 22 Apr 2024 |
| Forward dividend & yield | 0.30 (5.54%) |
| Ex-dividend date | 14 May 2024 |
| 1y target est | 6.18 |
- Reuters
UPDATE 1-Smithfield Foods ends contracts with 26 US pig farms, citing oversupply
Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply. Smithfield, owned by Hong Kong's WH Group, said it will terminate employees who support its dealings with farms that raise hogs under production contracts. Layoffs may total about 70 employees, or up to one third of the 210 workers in Smithfield's Utah hog production operations.
ReutersSmithfield Foods ends contracts with 26 US pig farms, citing oversupply
CHICAGO (Reuters) -Smithfield Foods said it will end contracts with 26 hog farms in the U.S. state of Utah, in the latest contraction by the world's largest pork processor in the face of an industry oversupply. Pork producers have been losing money as pig prices and consumer demand have struggled at a time of high costs for labor and other expenses. Smithfield, owned by Hong Kong's WH Group, said it will terminate employees who support its dealings with farms that raise hogs under production contracts.
ReutersChinese-owned pork producer Smithfield prepares for US listing - WSJ
Smithfield could list its shares as early as next year, the WSJ reported, adding that the deliberations are ongoing and the timing could change. "The company regularly evaluates relisting Smithfield's stock in the U.S., but there is no time-table for it," WH Group said in an emailed statement to Reuters. Smithfield did not immediately respond to a Reuters request for comment.
