Citigroup: Raise Mei Zhou International target price to 12.3 Hong Kong dollars and maintain "buy" rating.

Citigroup released a research report stating that WH Group's first quarter operating profit increased by 8%, in line with the bank's expectations. The performance of the packaged meat business in China and the United States was strong and satisfactory, respectively, meeting expectations. The bank maintained a "buy" rating on WH Group and raised its target price from HK$12.2 to HK$12.3, citing an upward revision in estimated performance in China.