Bank of America Securities released a report stating that after WH GROUP (0288.HK) spun off its Pork producer Smithfield Foods (SFD.US) and returned to the USA stock market, it raised WH GROUP's earnings per share forecasts for 2024 and 2025 by 9% and 7% respectively, and increased the Target Price from 6 to 8.3. The rating of 'Buy' was reaffirmed.

The report indicated that the listing of Smithfield Foods helps unlock potential value. WH GROUP's fundamentals improved significantly in the first three quarters of last year, and this is expected to continue in the fourth quarter and this year, partly due to the recovery of upstream Business. Additionally, the firm stated that WH GROUP's normalized dividend yield is over 5%, and the special dividend following the listing of Smithfield Foods could raise this year's dividend yield to 7-8%, making WH GROUP a value choice.