WH Group initiated with a Buy at Goldman Sachs

Goldman Sachs initiated coverage of WH Group (WHGLY) with a Buy rating and HK$8.60 price target WH Group is the largest pork player in the world, notes the analyst, who likes the group’s “compelling” shareholder returns with its dividend yield at 6%, an “undemanding valuation” and defensive profitability outlook due to its leading position in China and the U.S.