HAITIAN FLAV

Foshan Haitian's H-shares closed at 29.800 HKD, down 2.42% from the previous close of 30.540 HKD, following a session of rally-and-retreat: the stock surged to 30.740 HKD in the morning session before giving back gains, then oscillated near the day's low of 29.620 HKD in the afternoon, finally settling at 30.000 HKD (slightly lifted by closing auction). The decline was primarily driven by persistent technical headwinds—the current price has fallen below the 20-day MA (30.547 HKD) and 60-day MA (32.772 HKD), retreated 22.36% from the 52-week high of 38.38 HKD, and posted a YTD loss of 8.02%, underscoring a weak price position. On the fundamentals side, the company reported FY2025 revenue of 28.9 billion yuan and net profit of 7.038 billion yuan (+11% YoY), with a final dividend of 0.80 yuan per share and a proposed special dividend of 3 yuan per 10 shares; however, the strong earnings failed to reverse the market's cautious stance. Nonetheless, Bank of America Securities initiated coverage on April 24 with a Buy rating and a 37 HKD target price, while UBS maintained its Buy rating, hinting at institutional confidence in the long-term story.