HKG:0288

Jefferies Adjusts WH Group's Price Target to HK$12.40 from HK$10.30, Keeps at Buy

Henan Shuanghui Investment & Development's Profit Rises 14% in Q1

Henan Shuanghui Investment & Development (SHE:000895) posted net profit attributable to owners of 1.29 billion yuan for the first quarter, up 14% from 1.14 billion yuan a year earlier, according to a Shenzhen Stock Exchange filing on WednesdayEarnings per share came in at 0.3728 yuan, compared with 0.3282 yuan in the prior-year period.Total operating income rose 2% to 14.6 billion yuan from 14.3 billion yuan in the prior-year period.Shuanghui Development is a subsidiary of WH Group (HKG:0288), which holds an indirect stake of about 70.33% in the Shenzhen-listed company.Shares of WH Group fell 5% in recent trade.