智通财经网·2026-02-24 03:27Core Viewpoint - Wan Cheng International (00288) is experiencing a stock price increase, currently up 2.51% to HKD 10.2, with a trading volume of HKD 65.43 million. UBS has identified the company as a preferred stock due to its unique integrated operating model, which includes packaged meat products, fresh pork, and pig farming across China, the US, and Europe. The company is expected to enter a phase of lower earnings volatility, benefiting from stable US pig prices and a strategic shift towards higher-margin packaged meat products, which will enhance profitability and shareholder returns [1]. Group 1 - UBS has raised its earnings per share forecasts for Wan Cheng International by 1% and 4% for 2025 and 2026, respectively, anticipating annual growth of 7% and 4% [1]. - DBS previously noted that streamlining pig farming capacity to 11.5 million heads will help improve profit margins, alongside favorable pig prices (expected to rise by 9% in 2025) and lower feed costs, supporting double-digit growth in operating profit for Q4 2025 [1]. - In 2026, packaged meat sales are expected to grow moderately, as pork remains a more affordable protein source compared to beef, with pricing power, product mix optimization, and ongoing efficiency improvements likely to drive mid-single-digit growth in operating profit [1].