星展此前指出，生猪养殖产能精简至1,150万头有助于利润率提升，加上有利的猪价(2025年上涨9%)及 较低的饲料成本，这些因素应能支持公司2025年第四季度营业利润实现双位数增长。2026年，包装肉销 量可能温和增长，因为猪肉相比牛肉仍是一种更实惠的蛋白质来源；而定价能力、产品组合优化以及持 续的效率提升，可能推动营业利润实现中单位数增长。 智通财经APP获悉，万洲国际(00288)涨近3%，截至发稿，涨2.51%，报10.2港元，成交额6543.33万港 元。 瑞银发布研报称，万洲国际过去两年一直是该行的行业首选股之一，因公司拥有独特的综合营运模式， 涵盖包装肉制品、鲜猪肉及生猪养殖，而且多元化的业务布局横跨中国、美国及欧洲。展望未来，该行 相信万洲国际正进入盈利波动性较低的阶段，将受惠于美国更趋于稳定生猪价格前景，以及业务策略转 向利润较高的包装肉制品，将提升盈利及股东回报的能见度。该行将万洲国际2025及2026年每股盈利预 测分别上调1%及4%，预期将按年增长7%及4%。 ...

瑞银发表研报指，万洲国际过去两年一直是该行的行业首选股之一，因公司拥有独特的综合营运模式， 涵盖包装肉制品、鲜猪肉及生猪养殖，而且多元化的业务布局横跨中国、美国及欧洲。展望未来，该行 相信万洲国际正进入盈利波动性较低的阶段，受惠于美国生猪价格前景更趋稳定，以及业务策略转向利 润较高的包装肉制品，将提升盈利及股东回报的能见度。 该行将万洲2025及2026年每股盈利预测分别上调1%及4%，预期将按年增长7%及4%；目标价由8.5港元 上调至11港元，重申"买入"评级。 ...

万洲国际有限公司是一家主要从事猪肉业务的投资控股公司。该公司通过三个分部运营业务。肉制品分 部从事低温肉制品及高温肉制品生产、批发及商业零售业务。猪肉分部从事屠宰生猪、生鲜猪肉及冷冻 猪肉的批发及商业零售和生猪养殖业务。其他分部从事家禽屠宰及销售。该分部还从事销售配套产品及 服务，如提供物流服务、生产调味料和天然肠衣、制造及销售包装材料、经营财务公司、地产公司及食 品零售连锁店、销售生物医疗材料、肉类相关产品贸易等。 证券之星消息，2月23日南向资金减持240.0万股万洲国际（00288.HK）。近5个交易日中，获南向资金 减持的有3天，累计净减持312.52万股。近20个交易日中，获南向资金减持的有11天，累计净减持319.59 万股。截至目前，南向资金持有万洲国际（00288.HK）7.83亿股，占公司已发行普通股的6.09%。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

格隆汇2月23日丨万洲国际(00288.HK)公告，公司将于2026年3月24日(星期二)举行董事会会议，藉以(其 中包括)考虑及批准公司及其附属公司截至2025年12月31日止年度业绩，以及考虑派发年度股息(如有)。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 主席 萬隆 香港，二零二六年二月二十三日 於本公告日期，本公司執行董事為萬隆先生、郭麗軍先生、 萬宏偉先生及馬相傑先生； 本公司非執行董事為焦樹閣先生；及本公司獨立非執行董事為黃明先生、劉展天先生及 周暉女士。 董事會會議日期 萬洲國際有限公司（「本公司」）董事會（「董事會」）謹此公佈，本公司將於二零 二六年三月二十四日（星期二）舉行董事會會議，藉以（其中包括）考慮及批准本公 司及其附屬公司截至二零二五年十二月三十一日止年度業績，以及考慮派發年度股息 （如有）。 承董事會命 萬洲國際有限公司 WH Group Limited 萬 洲 國 際 有 限 公 司 （於開曼群島註冊成立的有限公司） (股份代號：288) ...

万洲国际有限公司是一家主要从事猪肉业务的投资控股公司。该公司通过三个分部运营业务。肉制品分 部从事低温肉制品及高温肉制品生产、批发及商业零售业务。猪肉分部从事屠宰生猪、生鲜猪肉及冷冻 猪肉的批发及商业零售和生猪养殖业务。其他分部从事家禽屠宰及销售。该分部还从事销售配套产品及 服务，如提供物流服务、生产调味料和天然肠衣、制造及销售包装材料、经营财务公司、地产公司及食 品零售连锁店、销售生物医疗材料、肉类相关产品贸易等。 证券之星消息，2月13日南向资金增持69.48万股万洲国际（00288.HK）。近5个交易日中，获南向资金 增持的有3天，累计净增持147.93万股。近20个交易日中，获南向资金减持的有11天，累计净减持334.79 万股。截至目前，南向资金持有万洲国际（00288.HK）7.86亿股，占公司已发行普通股的6.12%。 | 交易日 | 持股总数(股) | 持股变动(股) | 变动幅度 | | --- | --- | --- | --- | | 2026-02-13 | 7.86亿 | 69.48万 | 0.09% | | 2026-02-12 | 7.85亿 | -183.00万 | -0.23 ...

Core Viewpoint - The Hong Kong Consumption ETF (159735) has shown positive growth in both share count and fund size since the beginning of the year, indicating increased investor interest and market activity [1][2]. Group 1: Fund Performance - As of February 12, 2023, the Hong Kong Consumption ETF has a total share count of 1.09 billion and a total size of 941 million yuan [1]. - The fund's share count has increased by 18.49% and its size has grown by 29.67% since December 31, 2022, when the share count was 920 million and the size was 726 million yuan [1]. Group 2: Trading Activity - The cumulative trading amount for the Hong Kong Consumption ETF over the last 20 trading days is 1.973 billion yuan, with an average daily trading amount of 98.67 million yuan [1]. - In the year to date, the cumulative trading amount over 30 trading days is 2.655 billion yuan, with an average daily trading amount of 88.51 million yuan [1]. Group 3: Fund Management - The current fund manager of the Hong Kong Consumption ETF is Li Yixuan, who has managed the fund since its inception on May 25, 2021, with a return of -12.98% during the management period [2]. - The fund's top holdings include Pop Mart, Yum China, Anta Sports, Nongfu Spring, WH Group, Haier Smart Home, Shenzhou International, Midea Group, Li Ning, and Mengniu Dairy, with varying ownership percentages [2].

Core Viewpoint - The Invesco Great Wall National Index Hong Kong Stock Connect Dividend Low Volatility ETF (159569) experienced significant net redemptions, indicating a potential shift in investor sentiment towards this fund [1][2]. Group 1: Fund Performance - As of February 12, the fund had a net redemption of 4.31 million yuan, ranking 14th out of 215 in cross-border ETF net outflows [1]. - The fund's latest size was 484 million yuan, down from 488 million yuan the previous day, with a net outflow representing 0.88% of the prior day's size [1]. - Over the past five days, the fund faced net redemptions totaling 8.49 million yuan, ranking 47th in cross-border ETF net outflows [1]. - Year-to-date, the fund's share count decreased by 4.30%, while its size increased by 3.82% [2]. Group 2: Trading Activity - The fund recorded a cumulative trading volume of 1.06 billion yuan over the last 20 trading days, with an average daily trading amount of 52.99 million yuan [2]. - Year-to-date, the cumulative trading amount reached 1.358 billion yuan, averaging 46.83 million yuan per day over 29 trading days [2]. Group 3: Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong managing the fund since August 29, 2024, achieving a return of 50.19%, while Wang has managed it since August 13, 2025, with a return of 7.19% [2]. Group 4: Holdings - The fund's top holdings include COSCO Shipping Holdings, Orient Overseas International, Yanzhou Coal Mining, and China Shenhua Energy, with respective holding percentages of 8.86%, 7.48%, 5.65%, and 3.63% [2].

Core Viewpoint - Southbound funds have reduced their holdings in WH Group (00288.HK) by 1.83 million shares on February 12, indicating a trend of net selling over recent trading days [1]. Group 1: Shareholding Changes - In the last 5 trading days, southbound funds have reduced their holdings for 3 days, with a total net reduction of 1.03 million shares [1]. - Over the past 20 trading days, there have been 11 days of net reductions, totaling 3.78 million shares [1]. - As of now, southbound funds hold 785 million shares of WH Group, accounting for 6.11% of the company's total issued ordinary shares [1]. Group 2: Trading Data - On February 12, 2026, the total shareholding was 785 million, with a decrease of 1.83 million shares, reflecting a change of -0.23% [2]. - On February 11, 2026, the total shareholding was 787 million, with an increase of 1.014 million shares, reflecting a change of +0.13% [2]. - On February 10, 2026, the total shareholding was 786 million, with an increase of 2.912 million shares, reflecting a change of +0.37% [2]. - On February 9, 2026, the total shareholding was 783 million, with a decrease of 1.3115 million shares, reflecting a change of -0.17% [2]. - On February 6, 2026, the total shareholding was 785 million, with a decrease of 1.8154 million shares, reflecting a change of -0.23% [2]. Group 3: 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 is involved in the production, wholesale, and retail of both chilled and frozen meat products [2]. - The pork segment handles the slaughtering of live pigs, wholesale and retail of fresh and frozen pork, and pig farming [2]. - The other segment is engaged in poultry slaughtering and sales, as well as providing related products and services, including logistics, seasoning production, and food retail chains [2].

Core Viewpoint - Citic Lyon has upgraded the weighting of the Hong Kong market to overweight by 20%, citing reduced correlation with the Chinese market and allowing for differentiated allocation [1] Group 1: Market Performance - The Hong Kong IPO market is expected to surpass its performance in 2025, with total IPO and placement fundraising amounting to $82.3 billion last year [1] - The Hong Kong property market has recorded its first annual increase since 2021, which is anticipated to boost the stock market [1] Group 2: Earnings and Valuation - Earnings forecasts for Hong Kong companies are projected to turn positive starting July 2025, ranking second in the Asia-Pacific region after Japan, South Korea, and Taiwan [1] - The valuation of the Hong Kong stock market is attractive relative to regional peers, with a price-to-earnings ratio of 16.7 times, slightly below the 35-year average of 17.2 times [1] - The Hong Kong market is the furthest from its historical highs, indicating potential for catch-up [1] Group 3: Stock Recommendations - Preferred stocks include WH Group (00288), AIA (01299), Hong Kong Exchanges and Clearing (00388), Sun Hung Kai Properties (00016), CK Hutchison Holdings (00001), Techtronic Industries (00669), and Galaxy Entertainment Group (00027), all rated as "outperform" [1] - WH Group is highlighted as a stock with "high confidence" by the firm [1]