HK Stock Market Move | HAITIAN INT'L (01882) rises over 3%, recently receives share increase by Chairman Zhang Jianming; Citi says the timing of the increase acknowledges the company's profit recovery in the second half of the year.

HAITIAN INT'L (01882) rose over 3%, up 3.57% as of press time, at HK$17.68, with turnover of HK$29.9205 million. On the news front, Citi released a research report noting that HAITIAN INT'L Chairman Zhang Jianming, after the interim results announcement, purchased a total of 3.431 million shares as disclosed by the Hong Kong Stock Exchange, at an average price of HK$17.59, for a total consideration of US$7.7 million, raising his shareholding from 33.32% previously to 33.53% currently. The bank believes management aims to demonstrate high confidence in the company at current low levels, and the timing of the increase reflects management's recognition of profit recovery in the second half of the year and undemanding valuation. The bank expects HAITIAN INT'L's revenue in the second half of this year to grow 2.3% year-on-year to RMB 8.912 billion (same unit below), and net profit to grow 5% year-on-year to RMB 1.67 billion, outperforming the first half's performance of 0.9% year-on-year revenue growth and 7.7% year-on-year net profit decline. Management guided at the results meeting for flat to low-single-digit revenue growth in 2026. Affected by the high base from last year's tariff-driven pull-forward of orders, the bank expects overseas sales to remain down double digits year-on-year; domestic sales are expected to rise double digits year-on-year, mainly driven by export-oriented orders rather than domestic demand, which should roughly offset the overseas decline.