WH GROUP (00288) rose nearly 3%, with the stock up 2.51% to HK$10.2 at the time of writing, recording a turnover of HK$65.43 million. A UBS research report noted that WH GROUP has been one of the bank's top picks in the sector over the past two years, owing to its unique integrated business model covering packaged meat products, fresh pork, and hog farming, along with a diversified operational footprint across China, the U.S., and Europe. Looking ahead, the bank believes WH GROUP is entering a phase of lower earnings volatility, benefiting from a more stable hog price outlook in the U.S. and a strategic shift toward higher-margin packaged meat products, which is expected to enhance earnings and shareholder return visibility. UBS raised its earnings per share forecasts for WH GROUP for 2025 and 2026 by 1% and 4%, respectively, anticipating year-on-year growth of 7% and 4%. DBS previously highlighted that the streamlining of hog farming capacity to 11.5 million head would support margin improvement, along with favorable hog prices (projected to rise 9% in 2025) and lower feed costs. These factors are expected to drive double-digit growth in the company's operating profit in the fourth quarter of 2025. In 2026, packaged meat volume is likely to see mild growth, as pork remains a more affordable protein source compared to beef. Pricing power, product mix optimization, and ongoing efficiency improvements may contribute to mid-single-digit growth in operating profit.