Goldman Sachs: Initiates coverage on Haitian Flavor Industry (03288.HK) with a "buy" rating and a target price of HK$43.

According to the Zhixun Finance and Economics APP, Goldman Sachs released a research report stating that due to the continuous growth of market share in product categories of Haitian Flavor Industry (03288, 603288.SH) and expansion into B2B channels, coupled with the favorable backdrop of raw materials, the company is expected to improve profitability through increasing productivity and cost control. Therefore, it is expected that the compound annual growth rates of sales and net profit for the company in the period between 2024 and 2027 will be 8% and 11%, respectively. The bank has initiated coverage on Haitian Flavor Industry's H shares with a "buy" rating and a target price of HK$43.