Bank of America Securities: WH GROUP's Quarterly Results Slightly Exceed Expectations, Maintains "Buy" Rating

Deep News03-25 17:30

Bank of America Securities released a research report stating that WH GROUP's (00288) net profit after tax for the fourth quarter and full year increased by 10% and 9% year-on-year, respectively, reaching $1.59 billion and $423 million, slightly exceeding expectations. The final dividend was HK$0.41, with a total annual dividend of HK$0.61, meeting forecasts. Despite facing a challenging performance base in the US market, the group aims to achieve profit growth in all three major regions this year. The report indicated that it maintains its earnings per share forecasts for the current and next year largely unchanged, with a target price of HK$11, reiterating a "Buy" rating.

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