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<Research> CLSA Raises TP of HAITIAN FLAVORING (03288.HK) to HKD40, Rated "Outperform"
Recommend 4 Positive 2 Negative 1 |
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CLSA published a research report indicating that HAITIAN FLAVORING (03288.HK) recorded a revenue growth of 6% in the first nine months of last year, accelerating to 11% in the fourth quarter. The net profit increased by 12% year-on-year to RMB1.7 billion. The group has completed the cleanup of its distribution network and leveraged its scale advantage to expand market share, while the rebound in dining demand in the fourth quarter also contributed to the growth. The firm noted that HAITIAN FLAVORING's competitors are facing budget constraints, and it is expected that HAITIAN's plan to upgrade its product portfolio will drive a compound annual growth rate (CAGR) of 6.2% from 2026 to 2028. The firm raised its net profit forecast for HAITIAN FLAVORING by 3% to 4% for this year and next year, and increased its target price from HKD39 to HKD40, maintaining its "Outperform" rating. (ca/w) Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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