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  • 3 Post By TheBrit
  • 1 Post By Elefant&Castle
  • 2 Post By JAherbert

Why is WH Group not zooming thru the roof?

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  1. #1

    Join Date
    Jul 2011
    Posts
    717

    Why is WH Group not zooming thru the roof?

    China needs pork, right? WF Group has pork meat from USA, and china tariffs are down on pork imports from USA. So, what the heck is holding WH stock from a rapid increase in valuation?

    A yr ago at $15, now at $19. Seems insignificant according to massive demands from china for porky dumplings.

    Sure, we hold some shares of Shineway.


  2. #2

    Join Date
    Oct 2010
    Posts
    18,815

    Long term fundamentals trump short term news bullshit?

    jlw90, traineeinvestor and spode like this.

  3. #3

    Join Date
    Jan 2018
    Posts
    732

    Not enough pigs for their Chinese slaughterhouses I guess.

    traineeinvestor likes this.

  4. #4

    Join Date
    Dec 2018
    Posts
    657
    Quote Originally Posted by Elefant&Castle
    Not enough pigs for their Chinese slaughterhouses I guess.
    This - concerns that although prices may be higher, volumes are likely to be significantly lower.

    Other factors which may (or may not) be weighing on investor sentiment: potential for the PRC to regulate pork prices, possibility that the African swine disease is still spreading and risk of higher short and longer term costs due to enhanced preventative measures for their remaining stocks.

    On the plus side, a 26% increase from $15 to $19 is not too shabby in the current market.

  5. #5

    Join Date
    Apr 2003
    Location
    Hong Kong
    Posts
    2,333

    demand has switched, Australia is shipping every piece of lamb they have to China.

    https://www.abc.net.au/news/rural/20...china/11590028

    GeoTommy and PetravanderVegt like this.

  6. #6

    Join Date
    Jul 2004
    Posts
    3,140
    Quote Originally Posted by TheBrit
    Long term fundamentals trump short term news bullshit?
    Long term fundamentals trump Trump news bullshit?? Sorry had to do it, morning itch..