---
title: "Jefferies Cuts WH GROUP TP to HKD11.66, Reiterates Rating Buy; 2Q OP Seen Down 11.2% YoY"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/292976829.md"
description: "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."
datetime: "2026-07-17T03:00:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/292976829.md)
  - [en](https://longbridge.com/en/news/292976829.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/292976829.md)
---

# Jefferies Cuts WH GROUP TP to HKD11.66, Reiterates Rating Buy; 2Q OP Seen Down 11.2% YoY

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.)

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