Core Viewpoint - Southbound funds increased their holdings in WH Group Limited (00288.HK) by 3,500 shares on November 26, 2025, indicating a slight positive sentiment towards the company despite some recent fluctuations in holdings [1]. Summary by Sections Southbound Fund Activity - In the last five trading days, there were two days of net reductions in holdings, totaling 1.726 million shares [1]. - Over the past 20 trading days, southbound funds increased their holdings on 15 days, with a total net increase of 47.9739 million shares [1]. - As of now, southbound funds hold 619 million shares of WH Group, accounting for 4.82% of the company's total issued ordinary shares [1]. Shareholding Changes - On November 26, 2025, the total number of shares held was 619 million, with a change of 3,500 shares, reflecting a 0.00% change [2]. - On November 25, 2025, there was an increase of 329,000 shares, a 0.05% change [2]. - On November 24, 2025, there was a decrease of 2.225 million shares, a -0.36% change [2]. - On November 21, 2025, a decrease of 1.0305 million shares was recorded, a -0.17% change [2]. - On November 20, 2025, an increase of 1.197 million shares was noted, a 0.19% change [2]. Company Overview - WH Group Limited primarily engages in the pork business and operates through three segments: meat products, pork, and others [2]. - The meat products segment involves the production, wholesale, and retail of both chilled and frozen meat products [2]. - The pork segment includes the slaughtering of live pigs, wholesale and retail of fresh and frozen pork, and pig farming [2]. - The other segment is involved in poultry slaughtering and sales, as well as providing related products and services, including logistics, seasoning production, and financial services [2].

Market Overview - The Hong Kong stock market opened high but experienced a decline, with the Hang Seng Index closing at 25,835.57 points, up 0.02% or 4.92 points, and a total turnover of HKD 245.136 billion [1] - The Hang Seng China Enterprises Index fell by 0.08% to 9,143.34 points, while the Hang Seng Tech Index decreased by 0.58% to 5,574.59 points [1] Sector Performance - Citic Securities predicts a rebound in the Hong Kong stock market by 2026, driven by a recovery in fundamentals and significant valuation discounts. They recommend focusing on five long-term sectors: technology, healthcare, resource products benefiting from inflation and de-dollarization, essential consumer goods, and sectors benefiting from RMB appreciation [1] - Blue-chip stocks showed mixed results, with Link REIT leading the decline, down 6.42% to HKD 38.8, while Techtronic Industries rose 5.36% to HKD 88.5 [2] Real Estate Sector - The real estate sector is highlighted as crucial for household asset allocation in China, with policies aimed at stabilizing housing prices to support economic circulation. High-quality residential properties are expected to see growth due to favorable policy changes [4] - Major real estate stocks like Sunac China and Vanke saw significant gains, with Sunac up 6.02% to HKD 1.41 [3] Technology Sector - Nvidia reported strong Q3 earnings, with revenue of USD 57 billion, a 62% year-on-year increase, and a net profit of USD 31.9 billion, up 65%. The data center business reached a record revenue of USD 51.2 billion, reflecting the ongoing AI trend [5] - Nvidia-related stocks were active, with companies like GigaDevice and Hongteng Precision seeing gains [4] Lithium Sector - Lithium stocks experienced volatility, with Tianqi Lithium and Ganfeng Lithium both closing down nearly 2%. Despite a strong demand outlook, market sentiment remains cautious due to high prices and supply concerns [6] Gold Sector - Gold stocks faced declines, with companies like Jinhai Resources and Lingbao Gold dropping over 2% [6] Notable Company Performances - Kingsoft saw a significant drop of 7.03% after reporting a 17% decline in revenue for Q3 [8] - CATL faced pressure, down 5.66%, as a large portion of its H-share IPO lock-up period ended [9] - WanGuo Data reported a 10.2% increase in net revenue for Q3, leading to a rise of 6.21% in its stock price [10] - Kingsoft Cloud's stock rose by 4.87% after reporting a 31.4% increase in total revenue for Q3 [11]

每经AI快讯，万洲国际(00288.HK)再涨超4%，月内累计涨幅接近15%。截至发稿，涨4.03%，报8.51港 元，成交额2.8亿港元。 ...

花旗发布研报称，万洲国际三季经营利润按年增长2%，符合该行预期；EBITDA及净利润分别按年增长 13%及15%，均优于预期，主要受一次性项目带动，包括保险赔偿及诉讼费用回拨。该行认为今年第四 季及明年，美国及中国市场的猪肉价格前景仍然有利。维持"买入"评级，目标价由8.6港元上调8.7港 元。 万洲国际(00288)再涨超4%，月内累计涨幅接近15%。截至发稿，涨4.03%，报8.51港元，成交额2.8亿港 元。 消息面上，万洲国际近期发布前三季度业绩，生物公允价值调整前，该集团取得收入204.77亿美元，同 比增加8.54%；公司拥有人应占利润11.68亿美元，同比增加8.05%。期内，万洲国际肉制品销量223.1 吨，猪肉销量296.7吨。 ...

Core Viewpoint - Wan Zhou International (00288) has seen a stock price increase of over 4%, with a cumulative rise of nearly 15% in the month, reflecting positive market sentiment following its recent financial performance announcement [1] Financial Performance - For the first three quarters, Wan Zhou International reported a revenue of $20.477 billion, representing an 8.54% year-on-year increase [1] - The profit attributable to the company's owners reached $1.168 billion, marking an 8.05% increase compared to the previous year [1] - The company sold 223.1 tons of meat products and 296.7 tons of pork during the period [1] Market Analysis - Citigroup's research report indicates that Wan Zhou International's operating profit grew by 2% year-on-year in Q3, aligning with the bank's expectations [1] - EBITDA and net profit increased by 13% and 15% year-on-year, respectively, surpassing expectations, primarily driven by one-time items such as insurance compensation and litigation cost reversals [1] - The outlook for pork prices in the U.S. and China remains favorable for Q4 of this year and into next year, according to Citigroup [1] - Citigroup maintains a "Buy" rating on the stock, raising the target price from HKD 8.6 to HKD 8.7 [1]

Group 1 - The article does not provide any specific content or key points related to a company or industry [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 I. 法定/註冊股本變動 | 截至月份: | | --- | | 2025年10月31日 | | 狀態: | | 新提交 | 致：香港交易及結算所有限公司 公司名稱: 萬洲國際有限公司 呈交日期: 2025年11月4日 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00288 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | USD | | 0.0001 | USD | | 5,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 50,000,000,000 | USD | | 0.0001 | US ...

Market Overview - Hong Kong stocks opened positively in November, with major indices rising, and the Hang Seng Index closing at 26,158.36 points, up 0.97% or 251.71 points, with a total turnover of HKD 228.68 billion [1] - The Hang Seng China Enterprises Index increased by 0.98% to 9,258.73 points, while the Hang Seng Tech Index rose by 0.24% to 5,922.48 points [1] Blue Chip Performance - Chow Tai Fook (01929) led the blue-chip decline, falling 8.67% to HKD 13.9, impacting the Hang Seng Index by 4.04 points [2] - AIA Group (01299) rose 5.96%, contributing 75.25 points to the index, while Wanzhou International (00288) increased by 4.69%, adding 4.62 points [2] Sector Performance Technology Sector - Technology stocks showed mixed results, with Alibaba down 1.15% and Tencent down 0.16%, while Kuaishou rose 1.52% [3] Oil Sector - Oil stocks experienced a broad increase, with China National Offshore Oil Corporation (00883) up 3.49% and China Petroleum (00857) up 3.37%, following OPEC+'s announcement to pause production increases in early 2024 [3] Coal Sector - Coal stocks generally rose, with China Qinfa (00866) up 7.53% and Yanzhou Coal (01171) up 4.69%, driven by seasonal demand and safety production assessments [4] AI Application Sector - AI application stocks were active, with Fenbi (02469) surging 10.36% after announcing a share buyback plan, reflecting strong market interest in AI education products [4][10] Gold and Jewelry Sector - Gold mining and jewelry stocks fell sharply, with Chow Tai Fook down 8.67% and Lao Pu Gold (06181) down 7.16%, following new tax policies affecting gold trading [6] Automotive Sector - The automotive sector showed varied performance, with XPeng Motors (09868) up 4.59% and NIO (09866) up 4.21%, supported by strong October delivery figures for new energy vehicles [7] Notable Stock Movements - Minglue Technology (02718) debuted with a significant rise of 106.1%, closing at HKD 290.6, indicating strong investor interest in data intelligence applications [8] - WuXi AppTec (02126) surged 16.09% due to positive developments regarding its CAR-T cell therapy's inclusion in commercial health insurance [9]

Group 1 - The core point of the article is that Wan Chai International (00288.HK) has seen its stock price increase by over 3%, specifically by 3.35%, reaching a price of 7.72 HKD [1] - The trading volume for Wan Chai International is reported at 141 million HKD [1]

智通财经APP获悉，万洲国际(00288)涨超3%，截至发稿，涨3.35%，报7.72港元，成交额1.41亿港元。 消息面上，万洲国际发布截至2025年9月30日止9个月业绩，生物公允价值调整前，该集团取得收入 204.77亿美元，同比增加8.54%；公司拥有人应占利润11.68亿美元，同比增加8.05%；每股基本盈利9.1 美分。 建银国际指出，万洲国际2025年第三季度业绩强势，收入同比增7.9%，经营利润增长1.8%，销售强势 势头主要受惠于：猪肉销量增长10.2%，归因于中国市场销售渠道的有效拓展；包装肉品收入稳定增长 5.1%，受惠于美国和欧洲市场的价格上涨。综合经营毛利率压缩0.6个百分点，主要原因是：美国原材 料成本上涨等；中国包装肉类产品转向高性价比产品，从而更好满足消费者需求；欧洲生猪价格下跌拖 累上游业务的盈利能力。 ...