We Expect Haitian to Finish Strong in 2018; Raising FVE to CNY 49.50, but Shares Remain Overvalued
Despite China’s catering sales growth decelerated to 9.5% in 2018 from 10.7% in 2017, we expect wide-moat Foshan Haitian Flavouring and Food to finish strong in 2018, with revenue and net profit up 16% and 19% year on year, respectively. Management expects its revenue and profit growth will retain at mid-teens rate for 2019, driven by strong performance from the soy sauce and oyster sauce segments, as well as some contributions from new product offerings, such as vinegar, hot-pot sauce, and Chin...Foshan Haitian Flavouring and Food Company Ltd. is a China-based company, principally engaged in the manufacture and distribution of seasonings. The Company's products portfolio consists of soybean sauces, general sauces, oyster sauces, chicken essence seasonings, vinegar and others, with soybean sauces, general sauces and oyster sauces as its main products. Its general sauces are applied in barbecue sauces, hot pot sauces and others. Its oyster sauces are applied in cooking, salad dressings and others. The Company conducts its businesses mainly within domestic markets.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.