Changes in Hong Kong stocks | Wanzhou International (00288) fell more than 3%, and Smithfield further lowered its performance, and the North American pork business dragged down the company's profits

The Zhitong Finance App learned that Wanzhou International (00288) fell by more than 3%. As of press release, it was down 2.61% to HK$6.915, with a turnover of HK$370 million.

According to the news, Citi released a research report stating that due to Smithfield's third-quarter forecast further lowered, reflecting weak demand and a downward trend in pork/pig prices, the bank lowered Wanzhou International's 2026-2028 net profit forecast by 10% to 11%, mainly due to North America being dragged down by the pork business, and operating profit was reduced by 18%. The bank also lowered the dividend payout ratio assumption from 66% to 50%, reflecting the uncertainty of cash flow under operating challenges and the lack of dividends in the middle of Shuanghui's development.