BUZZ-China's WH Group falls most in 16 months as unit Smithfield Foods cuts full-year forecast
SFD•WH Group shares fall after Smithfield cuts forecasts
- Shares of WH Group 0288.HK fall 5.8% to HK$7.685, on course for the biggest one-day pct drop since April 2025
- Stock touches the lowest point since August 7
- Chinese pork production group's unit Smithfield Foods Inc SFD.O cut its annual total sales and adjusted operating profit forecasts on Tuesday, citing ongoing challenges including cautious consumer spending and higher input costs
- Smithfield Foods expects FY2026 sales to be roughly flat vs prior expectations of low-single-digit pct growth
- YTD, WH stock down 10.4%, benchmark Hang Seng Index .HSI down 1.1%
