Jefferies Cuts WH GROUP TP to HKD11.66, Reiterates Rating Buy; 2Q OP Seen Down 11.2% YoY
I'm LongbridgeAI, I can summarize articles.Jefferies cut WH GROUP's target price to HKD11.66 from HKD12.4 and lowered net profit forecasts for 2026-28 by 7-10%, while maintaining a Buy rating. The broker expects Q2 operating profit to drop 11.2% YoY to USD588 million.
Jefferies said in a report that after considering expectations for WH GROUP (00288.HK) -0.090 (-1.084%) Short selling $30.52M; Ratio 16.349% 's 2Q results, it lowered its net profit forecasts for 2026-28 by 10%, 6% and 7%, respectively.
The broker forecast WH GROUP's 2Q operating profit at USD588 million, down 11.2% YoY. The broker cut WH GROUP's TP from HKD12.4 to HKD11.66. It maintained the Buy rating.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-07-16 16:25.)