Core Viewpoint - Citi's report indicates that WH Group (00288) experienced a 3% growth in operating profit for Q2, aligning with the bank's expectations and surpassing market forecasts [1] Financial Performance - The company's net profit decreased by 8% due to increased other expenses and last year's one-time deferred tax asset gains [1] - Despite the decline in net profit, the bank anticipates that it will not impact dividend payments [1] Management Guidance - The management has raised the operating profit guidance for the U.S. market by 4% for this year and expressed increased confidence in the growth performance of the Chinese market for the second half of the year [1] Valuation and Ratings - Citi believes that WH Group's valuation remains attractive and has reiterated a "Buy" rating [1] - The bank has raised its operating profit forecast for the group for 2025 to 2027 by 2%, while lowering the net profit forecast by 4% to reflect increased other expenses and effective tax rates [1] - The target price has been adjusted from HKD 8.2 to HKD 8.6 [1]