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%
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