WH GROUP (00288) surged over 4% again, bringing its cumulative gain this month to nearly 15%. At the time of writing, the stock was up 4.03% to HK$8.51, with a turnover of HK$280 million.

The company recently reported its Q3 results, showing revenue of $20.48 billion before biological fair value adjustments, up 8.54% year-on-year. Net profit attributable to shareholders rose 8.05% to $1.17 billion. During the period, WH GROUP sold 223.1 tons of meat products and 296.7 tons of pork.

Citi noted that WH GROUP's Q3 operating profit grew 2% year-on-year, in line with expectations, while EBITDA and net profit rose 13% and 15%, respectively, both exceeding forecasts due to one-time items such as insurance compensation and litigation fee reversals. The bank maintains a positive outlook on pork prices in the US and China for Q4 this year and next, keeping its "Buy" rating and raising the target price from HK$8.6 to HK$8.7.