HAITIAN FLAV (03288) Shareholder Transfers HK$284 Million Worth of Shares from UBS Securities Hong Kong to Citibank

Stock News
12 hours ago

Latest data from the Hong Kong Stock Exchange reveals that on November 26, a shareholder of HAITIAN FLAV (03288) transferred shares worth HK$284 million from UBS Securities Hong Kong Limited to Citibank, accounting for 3.03% of the company's holdings.

Bank of Communications International recently initiated coverage on HAITIAN FLAV with a "Buy" rating and a target price of HK$39. The firm anticipates an 8% compound annual revenue growth from 2024 to 2027, driven by recovery in the foodservice channel, product innovation, and overseas expansion.

Additionally, with declining raw material costs and operational efficiency improvements, HAITIAN FLAV's gross and operating margins are expected to expand. Net profit is projected to grow at around 10%, supported by global peer valuations. The bank assigns HAITIAN FLAV a 2026 forward P/E multiple of 25x.

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