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<Research>Citi Hikes WH GROUP's TP to HKD8.6; 2Q Results In Line
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According to a Citi research report, a 3% growth in WH GROUP (00288.HK)'s 2Q25 operating profit was not only in line with the broker's expectations, but it even surpassed market forecasts. Although WH GROUP's net profit tumbled by 8% because of a rise in other expenses and last year's one-time deferred tax asset gain, its dividend payments are still anticipated to stay intact. The company's management raised the US operating profit guidance for 2025 by 4%, with even more confidence in growth in the Chinese market for 2H25. Citi raised its target price for WH GROUP from HKD8.2 to HKD8.6, reiterating a Buy rating. AAStocks Financial News |
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