Daiwa: Initiated coverage of Yihai International (01579.HK) with a "Buy" rating and a target price of HKD 18.7.

Zhitong Finance APP has learned that Daiwa published a research report stating that Yihai International (01579.HK) is the leader in China's compound seasoning industry, focusing on hot pot seasonings, Chinese compound seasonings, and convenient ready-to-eat products. It is also a major supplier of hot pot bases for Haidilao (06862.HK) and Tehai International (09658). The report initiates coverage with a "Buy" rating and a target price of HK$18.70.