On June 18, WH Group fell 3.04% in regular trading, trading at HKD 8.56/share, with turnover of HKD 88.33 million. The decline comes amid persistently weak global hog prices and broader selling pressure across the packaged foods and meats sector.

On the fundamental side, WH Group's first-quarter results revealed that China's average hog price fell 22.8% year-over-year to RMB 12.35 per kilogram, driven by a 2.8% increase in hog slaughter volume expanding market supply. In Europe, African Swine Fever outbreaks disrupted trade and pushed average carcass prices down 17.7% to EUR 1.54 per kilogram. Additionally, BlackRock reduced its long position in the company to 5.89%, adding institutional selling pressure. The broader sector reflected similar weakness, with ANDRE JUICE down 12.84%, TINGYI down 2.53%, and MUYUAN down 1.62%.

Fitch recently affirmed WH Group's long-term issuer rating at BBB+ with a stable outlook, though persistent oversupply conditions and institutional de-risking continue to cap near-term sentiment.

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